Technical analysis of the futures market divides market trends into three types:
1⃣ Uptrend: Both highs and lows are continuously rising.
2⃣ Downtrend: Both highs and lows are continuously falling.
3⃣ Sideways trend: Highs and lows are roughly parallel.
Yes, you heard it right, sideways is also considered a trend.
Starting from October 2024, BTC entered an uptrend (highs and lows are rising), and then by mid-December, it transitioned into a consolidation phase (highs and lows are parallel).
So now BTC is in a consolidation phase, which means a consolidation strategy should be adopted, rather than blindly chasing highs and lows.
Understanding this is more important than blindly guessing whether BTC will rise or fall today.
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