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【Crazy Man's Trend】BTC oscillates between 94000 and 104000 this week, buy low and do some swing trading.
The madman said...
A new week has begun. From the K-line perspective, Bitcoin is still oscillating at a high level with reduced volume. The probability of choosing a direction this week still seems low. Although there are FTX's payouts and expectations for Trump's inauguration on the 20th, off-site funds around 100,000 are significantly reduced in momentum, and on-site funds have also been digested in various sizes. They are temporarily in a weak balance state. Therefore, this week, it is expected to oscillate between 94,000 and 104,000. You can do some band trading by selling high and buying low.
After the opening of the US stock market in the evening, the volatility will significantly intensify. This weekend has been quite boring. For cryptocurrencies, the profit-making effect is quite poor, and the trading strategy should be more cautious, trying to avoid chasing highs and going long.
Ether is still lukewarm, and the price is slowly recovering. Just hold on, there will always be a rebound, it's just a matter of time.
Recently, I have been frequently stop-lossing while longing for altcoins. Upon reflection, I realized that it's not advisable to easily go long on strong altcoins in the current market, as it's not the season for altcoins at the moment. They lack sustainability and rotation, while Bitcoin and Ethereum have been following the strength of ETF. We'll have to wait for the altcoin season.
Disclaimer: The article represents the personal views and opinions of the author, not the views and positions of the blockchain. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and the blockchain will not be responsible for any direct or indirect losses incurred by investors in their transactions.
The article 'Madman Talks Trends: Bitcoin fluctuates between 94000 and 104000 this week, making waves of high throws and low suctions' was first published in 'Block Times'.