BTC continues to stay at a high level, are bearish traders in danger? Think too much.
Currently, there is not much space above the resistance at 1150. Overly chasing long positions is just pushing oneself to the edge; the feeling of hanging at the mountain top is not pleasant, it's chilly.
At present, after a strong upward trend, there has been high-level volatility, and multiple upward attempts have failed to break through the key resistance. However, the pullback strength is also limited, which instead creates a component of false bullishness. It is human nature not to chase the market at high levels. The key point to watch in the future is whether it holds above 1150; if it does, we can just wait for the market to pull back.
For partners who are not too deeply trapped, there is no need to panic too much; a thousand points can be resolved quickly!!!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC continues to stay at a high level, are bearish traders in danger? Think too much.
Currently, there is not much space above the resistance at 1150. Overly chasing long positions is just pushing oneself to the edge; the feeling of hanging at the mountain top is not pleasant, it's chilly.
At present, after a strong upward trend, there has been high-level volatility, and multiple upward attempts have failed to break through the key resistance. However, the pullback strength is also limited, which instead creates a component of false bullishness. It is human nature not to chase the market at high levels. The key point to watch in the future is whether it holds above 1150; if it does, we can just wait for the market to pull back.
For partners who are not too deeply trapped, there is no need to panic too much; a thousand points can be resolved quickly!!!