The holiday homework really doesn't have much to say, it's just as expected. BTC continues to fluctuate at this position. Although tomorrow night will be a workday again, I guess it will just be like this. However, this time there hasn't been any noticeable manipulation during the liquidity downturn, so I hope we can smoothly get through this week. Starting next week, as more institutions and investors resume work, liquidity will gradually begin to recover, and the market will start preparing for the handover of rights in two weeks.
Next week, there may be more information revealed, especially for those doing short-term high-leverage trading, which requires some caution. Even now, my view remains that it is possible to be bearish, but one should not easily short, especially high-leverage shorts still carry risks. Who knows if a piece of information next week will change the price trend of #BTC and cryptocurrencies.
Looking back at the data, there's not much to say. Even with such low trading volume, there is still a lot of turnover. However, today's turnover is not from early investors but rather from current loss-making investors reducing their holdings, especially those who bought the dip in the last two days are trading very frequently.
From the support perspective, the support level has actually changed, and we have mentioned this several days in a row. However, since these are all short-term chips, there hasn't been an update yet. If this situation persists next week, the support level is likely to be adjusted down to between $92,000 and $98,000. For now, we will leave it as is.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
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