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The intraday trend is relatively slow, and the range is also quite small. In the morning, after dropping 700 points, it then turned; with 700 points not sold, instead it popped up by more than 100 points. Afterwards, it continued to dip again at even lower levels, and during the night, it slipped by 570 points. In total, it was only 1,100 points. Compared with the past two days, it’s much less, but the intraday range is too small. Still, recently the overall total has reached 11,000 points; so even if it’s only a small amount intraday, it’s still quite good. The night is still seeing ongoing consolidation and looks like there will be some action tomorrow.
At the moment, in the market, perpetuals are still split evenly, with no additional volume on either side. Both sides have tried a few times; this situation isn’t the first time. Generally speaking, when one side is close to a liquidation zone where positions are likely to be cleared, then the main force will step in, so neither side will easily break down. So we’ll continue to watch the range—near the liquidation zones on both sides, dip low and trade higher at the highs. That way, even if there is a break, it’s only a little trapped profit. But the amount you can capture in that range will be more. The liquidation zone above, 766 to 776, is still relatively far; below is 725 to 722. Overall, in terms of the current formation, the upside looks only slightly more favorable, so for now, we’ll still lean toward dipping low.
Buy in batches around 738 to 734, and sell at 752 to 755. Wait until higher levels to sell in batches. #比特币