3-1 Market Analysis: Fluctuating Downward, Operators Bait the Trap
📉 Market Status
The current market continues to fluctuate downward, with repeated attempts to entice bullish sentiment, a typical 'baiting the trap' market. Since February 22, this script has been playing out, with the market continuously declining; each drop sees capital attempting to catch the bottom, leading to brief rebounds, but then continuing to fluctuate lower.
📊 Technical Observation
- 4-hour Level: The price has consistently failed to break through the Fibonacci midpoint, indicating insufficient upward momentum in the market, with the overall trend remaining bearish.
- Volume Analysis: Currently, there has not been a large-scale increase in volume during the decline, indicating that operators are still 'baiting the trap', attracting market funds before proceeding to a large-scale harvest.
🎣 'Baiting the Trap' Logic Analysis
This wave of the market is similar to fishing; operators first attract funds (creating a brief rebound), and once enough retail investors enter the market, they choose to dump, trapping the funds that attempted to catch the bottom. Therefore, the market has not entered a true reversal phase; instead, it is a typical bearish trap.
🚨 Operational Strategy
- Stay vigilant and avoid blindly catching the bottom; the market is still in a bearish pattern.
- It is not advisable to chase after short-term gains; beware of bullish traps.
- Pay attention to key support levels and wait for true bottom signals to emerge.
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#BGB is worth paying attention to, as it may have relative resistance to declines in the current market environment.
At this stage, holding cash is the way to go; prudent investors should patiently wait for better entry opportunities.