At present, the price of Bitcoin seems to be firmly attracted by a magnet at the threshold of $100,000, and the trading volume is as thin as morning mist. It makes people sigh that only those market makers who control the market are truly at ease, holding sharp sickles and cultivating the leeks as they please. When the time is right, it will be a happy harvest feast! The thrilling Tiandizhen market a few days ago was like a carefully planned hunt. In the following days, the market makers seemed to be immersed in the joy of dividing the spoils, yacht parties, and luxurious enjoyment, but they turned a deaf ear to the pulse of the market. The trading enthusiasm of retail investors is just an illusory mirror image of market prosperity.
The international gold market is hardly able to escape the whims of major players, let alone the tumultuous cryptocurrency market, where the traces of manipulation are blatant, with erratic rises and falls. It seems that the direction of policies and the volatility of market emotions are the conductor's baton for their capricious dance. The eye-popping spikes and dips in a short period challenge the limits of rationality!
I once predicted waiting for a significant market correction, but unexpectedly, the bulls struck back first, and the short positions fell like leaves, followed by a sudden spike that caught even the long positions off guard. The speed was so fast that it seemed the exchange had personally unplugged the network, leaving people unprepared. Although my profitable position narrowly escaped, I heard that some friends' positions clearly hit the target but failed to take profits. This is undoubtedly a silent accusation of the exchange's market manipulation. Even though we know the truth, we are powerless to change it, for this stage ultimately does not belong to us retail investors.
Speaking of Bitcoin's future trend, if it can hold the $100,000 mark, it is certainly not good news for the bears. If the short-selling forces are strong, Bitcoin may surge to $105,000 or even higher. Although it seems difficult, after experiencing a pinning wash, the strategy to entice buyers may be even more tempting, and one must not let their guard down! The rise can be gentle like a stream flowing, moving forward slowly by three thousand or five thousand points, but once it falls, it could cascade down like a waterfall, plunging by ten thousand points or more, which is truly frightening.
The bears are still haunted by their fears, while the bulls tread cautiously. The major players remain at ease, waiting and observing the flow of market data before making decisions. One might ask, how much can technical indicators guide us at this moment? It is better to take a light position and bet on the prevailing trend, which is more realistic!
After several months of continuous rises, even in a bull market, there should be a time for a pullback to catch one's breath. Therefore, shorting on highs and managing positions meticulously can capture more profits in the short term. Pursuing highs at this moment is akin to giving up a watermelon to pick up a sesame seed; wise individuals do not do this.
Since it's all just idle chat, anyone interested can follow along.