Personal Insights
After a few days of high-level fluctuations, Bitcoin still hasn't broken through its previous high. However, these past two days were the weekend, forming a head-and-shoulders bottom pattern. If it breaks through this weekend, this pattern might fail as well. Tonight, we will observe whether it can break through 103,000 again. If it stabilizes, then we look for 110,000; if it doesn't stabilize, I see 97,600. Bitcoin is draining altcoins; those who haven't entered the market can buy spot. For contracts, it's advisable to avoid opening positions for now, otherwise, it might be another stormy situation. ETH is also being drained, not managing to break through its previous high again, while SOL is even weaker. But after all, it's a mainstream coin, and buying SOL spot is definitely worth it; after all, it's a bull market, and anyone who can hold until the end won't incur losses. The current market is in a stage where a fixed pattern can lead to collapse, making many people hesitant to open positions. Often, after stopping losses, there is an immediate rebound or drop, which messes with people's mindset. However, a bull market is full of opportunities; keeping calm is key to going the distance. The current situation isn't very clear, so let's continue to observe Bitcoin's direction.
Haha, my drawings are very rough, but they should be easy to understand, right? $BTC
