Near $BTC 64900, trading is consolidating for half a day 😁 No ghost stories over the weekend. When opening a position, mind the risks. The current up-and-down market trend is not clear yet. Recently, major institutions have made a big entry into spot positions, but the price action hasn’t shown any obvious correction. The overhead trapped positions create strong resistance—trade cautiously.
$BTC 65300 has been unable to break through for a long time. After consolidating at a high level, the trend is bullish. Personally, I think it’s more likely a shakeout to lure buyers. When the positive news came out, market sentiment didn’t catch up. I’ll take a look tomorrow morning when the day starts 👀
$BTC Nonfarm data is released, the market reacts in advance, the price action after implementation is volatile, there are signs of a potential bear trap to lure buyers—do not chase. In the short term, expect 65300-65600; if it goes up, it is short.
$BTC big pancake touched 64,000 twice and didn’t stand steady; the daily chart trend is still bearish—aren’t you going to take a short position for this move?