#数字货币市场洞察 $BTC Bitcoin has been in a slump for some time now. Looking at the weekly chart, it's dropped about 36% since October, which officially marked the start of the bear market. The current rebound is just a technical correction during the downtrend.
There may still be some room for a rebound on the weekly level, but it's a different story on the daily chart—it has already reached a short-term bottom area, with the price range of 86,000 to 94,000 being repeatedly tested. The weakness is obvious. When trading, don't overthink the big picture; just focus on the actual market movements.
As for the 4-hour chart? It's a bit messy. It goes up for a while, then down again, oscillating back and forth—a classic choppy market. This kind of situation is where it's easiest to get trapped.
Tomorrow at around 3 a.m., the rate is expected to be 25 basis points, and right after that at 3:30 a.m., the policymakers will hold a press conference. Watch out for one pitfall—good news gets announced but the market still dumps. We've seen this kind of reversal so many times. It's very likely there will be a sharp drop first, followed by a rebound.
To be honest, in this market, it's hard to make money even with $BTC, let alone altcoins. Other than Bitcoin? Go short at high positions—any other strategy is just gambling.
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#数字货币市场洞察 $BTC Bitcoin has been in a slump for some time now. Looking at the weekly chart, it's dropped about 36% since October, which officially marked the start of the bear market. The current rebound is just a technical correction during the downtrend.
There may still be some room for a rebound on the weekly level, but it's a different story on the daily chart—it has already reached a short-term bottom area, with the price range of 86,000 to 94,000 being repeatedly tested. The weakness is obvious. When trading, don't overthink the big picture; just focus on the actual market movements.
As for the 4-hour chart? It's a bit messy. It goes up for a while, then down again, oscillating back and forth—a classic choppy market. This kind of situation is where it's easiest to get trapped.
Tomorrow at around 3 a.m., the rate is expected to be 25 basis points, and right after that at 3:30 a.m., the policymakers will hold a press conference. Watch out for one pitfall—good news gets announced but the market still dumps. We've seen this kind of reversal so many times. It's very likely there will be a sharp drop first, followed by a rebound.
To be honest, in this market, it's hard to make money even with $BTC, let alone altcoins. Other than Bitcoin? Go short at high positions—any other strategy is just gambling.