Today is the last day of the vacation.

CN
Phyrex
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3 days ago

Today is the last day of vacation, and I will be going back tomorrow. I spent a long time packing my luggage tonight, and now everything is ready. Today's content is a bit light. Yesterday, I mentioned that if the price of BTC rises and breaks through $98,000, I would consider making a short-term trade. However, now I'm a bit hesitant because the U.S. stock market is also rising significantly today, recovering from the downward trend of the past two days. Is the sentiment starting to come back? I'm not sure, so I think I will wait and see. I should be home around dinner time tomorrow, and if the price is still doing well, I might temporarily give up on the short-term trading plan.

After all, I currently have no intention of selling and exiting; I just want to make some trades during this downtime to earn a little pocket money. But if investor sentiment really turns around, I might feel uncomfortable, so it's better to be cautious. I will first observe the changes over the weekend and then see how U.S. investors' sentiment is after liquidity starts to recover next Monday. Overall, I still believe that the power transition in Q1 will present good opportunities.

From the data of #BTC in the last 24 hours, it is still a time of low liquidity, which hasn't changed due to the workweek, and this is within our expectations. With the recent price increase of BTC over the past two days, the investors who are trading are still more short-term profit takers. It seems there are still many friends who want to do short-term trading like me, but I feel a bit hesitant in the face of this rise, so I think I will hold on for now.

In terms of support, it remains as expected, with $95,000 as the center maintaining fluctuations up and down. Whether it can break free from this fluctuating market and turn into an upward trend will likely depend on next week. Currently, the support level is clearly not very suitable anymore. The reason for not changing it is due to short-term investors being on holiday. As mentioned many times recently, if next week still maintains this range, then the support will change.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

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