Market summary:
The current price of Bitcoin has reached a point where the long and short positions are tired of each other. Both the long and short positions are in an awkward situation. The breakthrough just now was originally thought to be a 4-hour technical breakthrough, but it ended up being a perfect 4-hour range oscillation without a breakthrough. It will be in the early morning or tomorrow morning.
At this stage, it is very dangerous for contract traders. It is recommended that no matter whether your view is long or short, it is best to place an expected order. Of course, it is best to control your hands and move less. It is not a loss to wait and see. As long as the investment life is there, the market will not lack opportunities. On the contrary, if you are not careful, the principal will be gone, and you can only watch the best market.
For spot traders, there is no need to panic for the time being. You need to wait for the market to give a stable signal. The cottage will gradually rotate actively, and even if the market trend is a volatile decline, the key cottage sectors will also be active. In fact, the market is not worried about the rising or falling trend of the market, but about the short-term plunge. Therefore, once the market tends to be stable and volatile, the market sentiment will not be too panic. At the same time, it can be seen from today's data that the cottage trading volume has increased and has gradually become active.
However, what we still need to worry about is that US funds flowed out when Bitcoin rose in the afternoon. We need to continue to observe whether this will have a more far-reaching impact on the market in the short term.
