Bitcoin remains stagnant above 68000 points, with Trading Volume in an extremely shrinking state. There is not much difference between the weekend market and expectations. Whether long or short, without a proper plan and arrangement, it is difficult to achieve a good outcome. When it rises, go short; when it falls, go long. Following a subjective approach easily leads to doubting one's life. What we need to do is to follow. The weekend's short-term fluctuations are still not significant, continuing the bearish trend from Friday. After the doji, the slight continuation is relatively normal. Structurally, it is still in a downward oscillation rhythm. The magnitude of this retracement cannot be seen as a corrective pattern after breaking the low, but rather a continuation. Although the unilateral volume is not selective, the pressure is clear. Looking at the structure alone, there is still room for adjustment below, and it remains to be seen where stability can be found. The retracement space in this position can be large or small, depending on the transformation of the pattern!
💎 💎 The current encryption market is a significant manifestation of the Bull Market trend, sector rotation phenomenon, and the meme ecosystem currency is in a state of profit-taking and pullback. The past metaverse and Web3 gaming ecosystem currencies have gradually strengthened since yesterday and have appeared at the top of the gainers' list. However, many metaverse currencies have shown a short-lived trend. MANA, SAND, and AXS are examples of this. They appeared at the top of the gainers' list yesterday but lost the momentum of the 2021 Bull Market. The top gainer today, the ape coin APE, can only be traded with swing trading. This also reflects the current trend of the overall market. In the Bull Market, a pullback is a good opportunity for lying in ambush!
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Bitcoin remains stagnant above 68000 points, with Trading Volume in an extremely shrinking state. There is not much difference between the weekend market and expectations. Whether long or short, without a proper plan and arrangement, it is difficult to achieve a good outcome. When it rises, go short; when it falls, go long. Following a subjective approach easily leads to doubting one's life. What we need to do is to follow. The weekend's short-term fluctuations are still not significant, continuing the bearish trend from Friday. After the doji, the slight continuation is relatively normal. Structurally, it is still in a downward oscillation rhythm. The magnitude of this retracement cannot be seen as a corrective pattern after breaking the low, but rather a continuation. Although the unilateral volume is not selective, the pressure is clear. Looking at the structure alone, there is still room for adjustment below, and it remains to be seen where stability can be found. The retracement space in this position can be large or small, depending on the transformation of the pattern!
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The current encryption market is a significant manifestation of the Bull Market trend, sector rotation phenomenon, and the meme ecosystem currency is in a state of profit-taking and pullback. The past metaverse and Web3 gaming ecosystem currencies have gradually strengthened since yesterday and have appeared at the top of the gainers' list. However, many metaverse currencies have shown a short-lived trend. MANA, SAND, and AXS are examples of this. They appeared at the top of the gainers' list yesterday but lost the momentum of the 2021 Bull Market. The top gainer today, the ape coin APE, can only be traded with swing trading. This also reflects the current trend of the overall market. In the Bull Market, a pullback is a good opportunity for lying in ambush!