Bitcoin is testing $100,000 again and has started to decline with increased trading volume. Do you know what this means? The big players' vacation is over, and a new round of layout and harvesting has begun. If you are not aware of this, then being harvested should come as no surprise! No matter what, do not take heavy positions at this timing.
The whole world operates around people, and those in high positions control the world. They determine the fate of humanity. Similarly, in the cryptocurrency space, the institutions and big players control the market and its trends. They do not wipe everything out; their harvesting is gradual and steady, while you and I are merely ordinary beings in the crypto world. Otherwise, there would be no need to stare at the market for trading. Therefore, in trading, we have no choice but to hone our trading skills and catch that one fish that slips through the net!
In sharing within the community for so long, I have never discussed technical indicators. Judging market trends is not that technical indicators are useless, but that they are useless for trading results! The ultimate goal of trading is to make profits, and technical indicators provide you with opportunities 9 out of 10 times; you only need one time to break away from the indicators to recover both your principal and profits! This is the trap of trading, which many people fail to recognize.
All technical indicators analyze past market trends and predict future market movements. For short-term traders, this can indeed be helpful, but short-term traders often find it hard to achieve results, and many times they end up playing for nothing.
Knowing the final result clearly, it has always been this way, yet still impulsively engaging in speculative trading, holding onto a mentality of luck and trying to make money by chance is not the path to profitable trading. I hope everyone can encourage each other!
Speaking of Bitcoin's market, Bitcoin started to see increased volume today, but the price of Bitcoin has not fluctuated much. This is a phase of frequent turnover, where buyers and sellers are in a tug-of-war, evenly matched. This is a typical signal for a market shift; once the gap in positions is confirmed and trading volume is active, there will definitely be significant market volatility.
If I were to give a direction, I would still recommend shorting on rallies for a very favorable risk-reward ratio. I don't know how much it will rise, but if there is a significant drop, a decline of 5,000 to 10,000 points is quite easy. What do you think?
