The whole “research report” kind of talk, translated into trading language, is basically one sentence: a sharp sell-off doesn’t mean a top is in—most of the time it’s just washing the late-chasers out of the car first.
It also matches what’s happening on the chart. $BTC is now 63514. The 24h high/low is 63796/62806; the range between them is less than 1k, but the contract volume is about 10 times the spot volume, and the funding rate is only around +0.01%. The scene is lively, but the direction hasn’t really resolved. I didn’t open my trade here; I placed a buy limit at 62850 with a stop loss at 62480. If it can’t push back up to 63800, I won’t chase.
Words like “room for correction”—when it lands in your hands, it means don’t take a position at the mid-range price. $BTC #BTC
It also matches what’s happening on the chart. $BTC is now 63514. The 24h high/low is 63796/62806; the range between them is less than 1k, but the contract volume is about 10 times the spot volume, and the funding rate is only around +0.01%. The scene is lively, but the direction hasn’t really resolved. I didn’t open my trade here; I placed a buy limit at 62850 with a stop loss at 62480. If it can’t push back up to 63800, I won’t chase.
Words like “room for correction”—when it lands in your hands, it means don’t take a position at the mid-range price. $BTC #BTC