The market is undergoing some subtle changes.

CN
11 months ago

Long-term trading and reviewing will help us develop market awareness. Last night's surge gave me the intuition that it was more like the final frenzy of the bulls. The market has not yet validated my intuition, but after having such negative thoughts, staying on the sidelines is my best choice. The bearish trend has not formed yet, so shorting is still not the current choice. Currently, the best option for the market is to wait and see how it develops.

Market analysis: The current expectation for Bitcoin is a double top. Last night, it retraced to the support of the box, and the rapid rebound seems like an abnormal and excessive rise, more like a rush to the peak. Shorting requires patience. Drawing lines is just a hypothesis, and the market may not necessarily follow the hypothesis. However, if the market validates the hypothesis, then decisively go short!

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