$BTC The overall price action is basically moving around the three daily Bollinger Bands: the upper band first presses down, then moves up, while the middle band is pushed flat. The upper and lower bands form a sideways range, with the lower band at 81600, the middle band at 84000, and the upper band at 86700. Even if price overshoots the bands, it would only reach about 87300 or 80000. The gaps between the upper and middle bands, and between the middle and lower bands, are both around 2500 points. Although there was a sudden sharp drop this morning, price is currently near the middle band. Those who are paying attention will understand what I mean.
One last thing: the market makers really are being nasty lately. Last night, I opened a short at 86400, targeting 84000. But after midnight, the short- and medium-term indicators turned bullish, so near the 85500 support level I decided to close the short for a profit. This morning, the indicators hadn't picked a direction—either up or down was possible—but then the price suddenly plunged to 84000 and even broke below it to 83500. The market makers split one move into two stages to set traps. But as long as you keep in mind what I said above—that recent price action is staying within this range—there's no need to panic, no matter what tricks they pull.
One last thing: the market makers really are being nasty lately. Last night, I opened a short at 86400, targeting 84000. But after midnight, the short- and medium-term indicators turned bullish, so near the 85500 support level I decided to close the short for a profit. This morning, the indicators hadn't picked a direction—either up or down was possible—but then the price suddenly plunged to 84000 and even broke below it to 83500. The market makers split one move into two stages to set traps. But as long as you keep in mind what I said above—that recent price action is staying within this range—there's no need to panic, no matter what tricks they pull.