$BTC Evening View:
This morning's pull-up was really unexpected and sudden. At present, there are no conditions for a substantial pull-up, but the market still pulled up. There is only one reason: that is, some institutions want to sell. The liquidity on Monday is no different from that on weekends. Both are poor liquidity. If institutions want to sell, the liquidity is poor and retail investors cannot take over the orders, which will cause a serious decline in the market.
Institutions can only buy at the current price to pull up the price. When the price is pulled up, many people are waiting for the retracement before getting on the train. Institutions continue to pull up the market.
Retail investors fomo up and worry about not getting on the train and start chasing highs. At this time, institutions sell. I think this is the script. What do you think?
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Look at the chart to short. I will wait for a high position to try to short. If I can get it, I will do it. If I can't get it, I will watch. For long, I will wait for a retracement to the key support level to buy a small amount. As for the current situation that is neither going up nor down, it is not recommended to get on the train. It's not interesting. It will be fun to have a super high hanging restoration when the US stock market opens in the evening.
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Two major events today are as follows:
The 2024B exercise was launched by the University of Tokyo, and it started directly in the early morning without any signs. The exercise code name (Be prepared for battle) has a meaning!
The 19th coalition forces gathered in South Korea, and North Korean artillery sank to the border and received instructions to prepare for firing. Does this match the situation of pulling the plate?
