Recently, Bitcoin's performance has been quite interesting. It approached $98,000 this Monday, nearly breaking through the psychological barrier, but suddenly a wave of obvious selling pressure hit the market, causing the price to drop. This is the most significant correction in recent weeks.
However, speaking of which, the buying and selling forces in the market are still relatively balanced at the moment, with no clear signs of imbalance. Other technical indicators also do not show particularly clear signals, which makes the situation quite awkward.
For those bulls who positioned at the lows at the beginning of the year, it's now time to make a decision. Consider taking all or partial profits to lock in gains. Instead of getting stuck here, it's better to wait until the market provides a more definite directional signal before re-entering. This way, the operational risk is more controllable, and the returns are more stable.
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StakeOrRegret
· 17h ago
Quickly entering the market to buy the dip or running away, it really depends on how long you can hold on
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NotFinancialAdviser
· 17h ago
98k didn't break again, this is just the big players eating breakfast at the expense of retail investors.
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MetaMisfit
· 17h ago
98k is being hit again, it's really annoying to keep repeating this all day long.
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PanicSeller
· 18h ago
That barrier at 98,000 really is a psychological defense line; every time it's broken, and this time it was especially brutal.
Recently, Bitcoin's performance has been quite interesting. It approached $98,000 this Monday, nearly breaking through the psychological barrier, but suddenly a wave of obvious selling pressure hit the market, causing the price to drop. This is the most significant correction in recent weeks.
However, speaking of which, the buying and selling forces in the market are still relatively balanced at the moment, with no clear signs of imbalance. Other technical indicators also do not show particularly clear signals, which makes the situation quite awkward.
For those bulls who positioned at the lows at the beginning of the year, it's now time to make a decision. Consider taking all or partial profits to lock in gains. Instead of getting stuck here, it's better to wait until the market provides a more definite directional signal before re-entering. This way, the operational risk is more controllable, and the returns are more stable.