In the current market environment, it may be a bit hasty to rush into trading. If the weak rebound before the market took a sharp turn for the worse is used as a reference high point, Bitcoin is experiencing a consolidation phase with gradually narrowing upper and lower boundaries, showing a potential triangle convergence pattern.
In view of this, the best trading strategy should be to wait for a clear breakthrough of this convergence pattern. Before this, any trading behavior based on subjective judgment can be regarded as a left-side transaction, and the solid entry signal of the right-side transaction should be used as the basis for the safe exit of the left-side transaction.
The market seems to be caught in a shock without a clear direction, but the continued rise in volatility reveals a signal that this is not a simple consolidation, but a prelude to a larger trend, or a brewing stage of a reversal. Therefore, we should be patient, keep a steady mind, wait for the opportunity, and be fully prepared for the next market changes.
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