Recent market movements are following the same old pattern. BTC has been oscillating repeatedly between the round levels of 90K, 95K, and 100K. Each attempt to push towards 95K has failed to break through, and price keeps getting knocked back to 90K for consolidation. This oscillating market is certainly testing traders' patience.
From a technical perspective, the area around 90K presents a decent entry opportunity for long positions. After moving up, considering short positions in the 92K-93K zone could be worthwhile. Currently, the market's profit-making effect is average, and the market's appeal isn't as strong anymore. So recently, I'm mainly playing with small positions in BTC and ETH, waiting for a clearer directional move. It's truly not easy to make big gains in a ranging market—taking a more conservative approach is the way to go.
Recent market movements are following the same old pattern. BTC has been oscillating repeatedly between the round levels of 90K, 95K, and 100K. Each attempt to push towards 95K has failed to break through, and price keeps getting knocked back to 90K for consolidation. This oscillating market is certainly testing traders' patience.
From a technical perspective, the area around 90K presents a decent entry opportunity for long positions. After moving up, considering short positions in the 92K-93K zone could be worthwhile. Currently, the market's profit-making effect is average, and the market's appeal isn't as strong anymore. So recently, I'm mainly playing with small positions in BTC and ETH, waiting for a clearer directional move. It's truly not easy to make big gains in a ranging market—taking a more conservative approach is the way to go.