The longer it goes sideways, the more violent the market will change! Is the big one coming? Will BTC rise or fall next? How to operate at this stage? Should I bear the pain of selling spot stocks?

After the sharp drop last Friday, Bitcoin entered a two-day adjustment with shrinking volume and rebounded slightly. Technically, the daily seven-day moving average pressure level of 61,800 failed to attack twice, and the overall trend is still weak. The short-term breakthrough and stabilization of 63,000 points will usher in a rebound opportunity for the cottage market. The intraday market is still dominated by bearishness, with upper resistance at 61,800 points and lower support at 60,000 points.

As of today, Bitcoin has been fluctuating sideways at a high level for nearly two months, causing many people to lose confidence in Bitcoin. Will Bitcoin rise or fall next?

In my opinion, pessimism in market sentiment is a good thing. Because the market is always developing amid differences in opinions, without these bearish people, how can the main force absorb chips? If the main force cannot absorb chips, it cannot control the market. How can Bitcoin rise and break through? The current market is typically going to wear away retail investors, which is a typical short structure, but it will not plummet or strengthen, and it will at least last for more than one month.

This shows that even large investors are cautious under the current market uncertainty.

Many new normals have appeared in this round of market, and the emergence of ETFs has reduced the volatility of the entire currency circle. If it were 2021, if the same indicators appeared in the cottage, it should have been cut in half three times, and Bitcoin should have fallen to 50,000. But now the cottage has only been cut in half once, and Bitcoin remains at 60,000. Therefore, I firmly believe that the big cake will continue to rise, and even launch a strong attack on 65k, pulling out a big positive line! Whether you are short or full now, no matter what currency you hold, please continue to hold the currency and not waver. Only by enduring loneliness can you keep prosperity.

Summary: After the sharp drop last Friday, it entered a two-day reduction adjustment and rebounded slightly. Technically, the daily seven-day moving average pressure level of 61,800 failed to attack twice, and the overall trend is still a weak market. The cottage market will only have a rebound opportunity if it breaks through and stabilizes at 63,000 points in the short term. The intraday market is still mainly bearish, with the upper resistance at 61,800 points and the lower support at 60,000 points. The market continues to be sluggish and has not yet stepped out of the downward channel. Patiently wait for more negative fundamentals in the future. The wash is still continuing. When there is a bigger negative, it is the best time to buy the bottom.Secondly, why was the previous bull market so strong, but the current bull market is generally sluggish? First of all, the previous currency market was relatively small, and people were relatively concentrated in choosing currencies, so once a currency was sought after by the market, the price could rise rapidly. Now the market has become very large, with various currencies emerging in an endless stream, and people's choices have become diversified. This has led to the dispersion of market funds, making it difficult to form a large-scale rising market. Secondly, the previous currency circulation market value was relatively low, and a small amount of funds could bring about a large increase, while now the circulation market value of many mainstream currencies is already very large.

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