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The weekend market remained stable, with BTC maintaining range fluctuations. For trading, it is not recommended to chase the price, it is better to wait for a pullback before entering the market.
Recently, BTC has shown an unusually strong trend. First, it rapidly surged, then quickly plunged, and then rose again before steadily declining, presenting a volatile pattern. If you want to profit from the long and short game, you need to accurately grasp the timing and act decisively. Looking back at last Monday, it first experienced a big drop, and then rebounded to oscillate above 100,000. Many traders have struggled to find an ideal entry point at this level recently.
, the risk of chasing rising prices at high levels is high because the market can rise strongly and inevitably experience a significant pullback. The increased market volatility reflects the intense battle between bulls and bears.
Although the bullish view last week was correct, the market did not cooperate very well. First, it fell 6,000 points, wiping out the bulls, and then it rose strongly back above 100,000! Therefore, the best choice for next week's operation is to first look for a small pullback and then enter the long position. There is still technical pressure, and the momentum of the rise is weakening. It is expected that there will be a round of pullback, focusing on the 98,000-97,000 area.