Watching BTC at the 98,000 level, its significance is indeed substantial. But this rebound's resilience far exceeds many people's expectations, what does this indicate? The funds in the market haven't left; everyone is watching.
Why am I so confident? It's simple— the pullback can't be sustained. If it were a true breakdown, it would be a rapid decline, not the current oscillating pattern. This kind of choppy trading reflects internal disagreements and also suggests that some are accumulating.
Where is the key going forward? Two words—volume increase. Without volume supporting a breakout, it's just a false move. Once the trading volume picks up, there is still room for upward movement. But conversely, this is also the easiest spot for a false breakout. If it surges and then crashes down, this secondary correction can shake out many traders.
The market is heating up now, but how long this heat lasts is anyone's guess. The most dangerous mindset at this point is FOMO—seeing others make money and rushing to go all-in, often resulting in the opposite.
If you want to bottom fish or follow the trend, my advice is to enter in stages. The first batch tests the waters, the second follows with increased volume, and the third waits for confirmation of a breakout. This way, you avoid getting trapped deeply at once and won't miss opportunities. In essence, it's about using time to gain certainty.
The biggest risk at this level is impulsiveness. True profit opportunities often appear when you're patient enough and others start giving up. Waiting for a few more candles won't kill you, but impulsive trading can really hurt.
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SoliditySlayer
· 7h ago
Entering in batches is a brilliant move, much more reliable than going all-in at once, but it really tests human nature.
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DegenGambler
· 7h ago
Entering in batches is indeed reliable. I'm just worried about human nature; in the end, people will still go all-in.
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GateUser-a606bf0c
· 7h ago
The idea of entering in batches is very professional; I'm just worried that most people won't be able to wait for those three batches.
Watching BTC at the 98,000 level, its significance is indeed substantial. But this rebound's resilience far exceeds many people's expectations, what does this indicate? The funds in the market haven't left; everyone is watching.
Why am I so confident? It's simple— the pullback can't be sustained. If it were a true breakdown, it would be a rapid decline, not the current oscillating pattern. This kind of choppy trading reflects internal disagreements and also suggests that some are accumulating.
Where is the key going forward? Two words—volume increase. Without volume supporting a breakout, it's just a false move. Once the trading volume picks up, there is still room for upward movement. But conversely, this is also the easiest spot for a false breakout. If it surges and then crashes down, this secondary correction can shake out many traders.
The market is heating up now, but how long this heat lasts is anyone's guess. The most dangerous mindset at this point is FOMO—seeing others make money and rushing to go all-in, often resulting in the opposite.
If you want to bottom fish or follow the trend, my advice is to enter in stages. The first batch tests the waters, the second follows with increased volume, and the third waits for confirmation of a breakout. This way, you avoid getting trapped deeply at once and won't miss opportunities. In essence, it's about using time to gain certainty.
The biggest risk at this level is impulsiveness. True profit opportunities often appear when you're patient enough and others start giving up. Waiting for a few more candles won't kill you, but impulsive trading can really hurt.