Will a long period of sideways movement lead to a fall, or will a long period of sideways movement lead to a rise?

Review of Bitcoin's volume-price relationship over the past 7 days: no volume increase + no increase in volume and no decrease in volume + no volume decrease

This is the first time I have encountered this situation since I calculated the 7-day volume-price relationship of Bitcoin.

Generally speaking, large volume rises and small volume falls

The relationship between volume and price this week is a little confusing.

Gold weakens in the short term, safe-haven assets collectively pull back, Bitcoin is an exception

Although the market was rumored that Deutsche Bank was in crisis last week, it did not affect the VIX panic index to quickly fall back to a low level. Gold led the collective pullback of safe-haven assets

At this time, Bitcoin still maintains a relatively strong sideways trend because it has both safe-haven and risky asset attributes.

The total market derivatives positions declined, and the hidden volatility continued to rise

After a brief correction caused by the market's optimistic expectations on the FOMC interest rate meeting, BTC rebounded again and traded sideways around $28,000. The futures and options positions in the entire market began to fall, with option positions falling by about $1 billion.

But at the same time, the hidden volatility of BTC options continues to rise, indicating that there will be greater market fluctuations in the near future

Trading opportunities are scarce during the sideways period. The profit and loss ratio of playing contracts is not as good as playing with hair.

The US dollar has bottomed out in the short term, gold has peaked in the short term, and the market consensus is to stop raising interest rates in May. These seem to be conducive to the market going up, but the crypto industry is facing the uncertainty of increased US regulation.

Today, I saw in a group that a hedge fund under Goldman Sachs has stopped profiting on its Bitcoin exposure in its portfolio and reminded clients that Bitcoin is a risky asset, not a safe-haven asset.

Don't play with the market during the FOMO period. Pointless internal competition will kill you.

After each round of airdrop wealth effect, coupled with a group of KOLs showing off their airdrop earnings to create anxiety, the entire market will fall into a collective unconscious FOMO mood.

Zksync Era has stated that it will issue coins in one year, but it cannot stop the excited investors from pouring in with gas fees higher than L1.

At the same time, there are a lot of tutorials on how to make money, but the market completely ignores the risk of the high consistency of Tx on the chain being witched.

My trading plan for this week

--Continue to build a long-term investment portfolio: invest in GLP and Web3 high-quality gaming assets

--Pay attention to whether the release of the core personal consumption price index on March 31 will cause new adjustments in market expectations, and try to bet with options

--ARB volatility falls back again, consider opening a position to bet on a second rise