$BTR After the spike up, don’t rush to chase
$BTR This breakout and surge upward is indeed fierce, but in a行情 like this where it rises too quickly, you have to guard against being the one left holding the bag at the high point.
After the price surged to 0.17963, it quickly pulled back, leaving a long upper wick straight away—this suggests selling pressure above has already started to appear.
Right now, the market is still supported by futures contract capital, but short-term funds already show clear signs of taking profits. Meanwhile, the spot market’s follow-up rally is also not strong enough. In plain terms, this move upward is mostly driven by leveraged funds.
So this position is not suitable for blindly chasing longs.
0.16 is the key spot for the short term: if it holds, there’s still a chance to retest the previous high at 0.17963. If it breaks down, the short term may enter a pullback. For the next support, keep an eye on 0.13.
In a行情 like this, it’s better to wait for confirmation than to rush in and catch the last share.
#韩国央行加息25基点至3% #XRP一周上涨44% #SEC向白宫提交加密托管规则提案
$BTR This breakout and surge upward is indeed fierce, but in a行情 like this where it rises too quickly, you have to guard against being the one left holding the bag at the high point.
After the price surged to 0.17963, it quickly pulled back, leaving a long upper wick straight away—this suggests selling pressure above has already started to appear.
Right now, the market is still supported by futures contract capital, but short-term funds already show clear signs of taking profits. Meanwhile, the spot market’s follow-up rally is also not strong enough. In plain terms, this move upward is mostly driven by leveraged funds.
So this position is not suitable for blindly chasing longs.
0.16 is the key spot for the short term: if it holds, there’s still a chance to retest the previous high at 0.17963. If it breaks down, the short term may enter a pullback. For the next support, keep an eye on 0.13.
In a行情 like this, it’s better to wait for confirmation than to rush in and catch the last share.
#韩国央行加息25基点至3% #XRP一周上涨44% #SEC向白宫提交加密托管规则提案
