The long-term trend of BTC is still developing in a positive direction, especially after the dust settles on the U.S. presidential election and the announcement of the Fed's interest rate cut, coupled with BlackRock's active intervention, market confidence has been strengthened. In terms of short-term operations, it is recommended to appropriately reduce position at high levels. If it is a long-term investment, you can gradually increase the position during the pullback process. It is important to note that the market is ever-changing, and actual operations need to be flexibly adapted based on the latest market data.

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The current market is moving slowly, and the daily candlestick has risen from yesterday's pullback, with a partial retest after the uptrend, breaking the weak pullback and retesting the high. The daily candlestick stabilizes at the moving average, and the rising trend has slowed down, but not weakened. Ether has also shown strength in long positions, partially synchronizing with BTC, to some extent restricting the short-term upward momentum of BTC, which is currently in a high-level consolidation phase.
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Many people imagine that the big dump and Long Wick Candle have not arrived, but instead are all trapped. In the crypto world, the most important thing to gain something is to learn to go with the trend. When there are multiple falls, think about the Rebound; when there are multiple rises, think about Long Wick Candle. Although there is such a trend, it is not absolute. Especially in the current one-way upward trend, there is no top at the top, and anything is possible. The continuous upward trend of BTC daily candlestick is still continuing, and the high level of the hourly level is still constantly moving upward. Although the current upward trend has slowed down, there is no sign of trend reversal. Currently, BTC has been sideways at a high level, with Sideways representing falls. The overall sentiment is still biased towards long positions. It is obviously unwise to short now. We should continue to maintain the intraday mindset, focusing on pullbacks.