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Market Snapshot | In the current choppy range, beginners must not chase highs blindly
Recently, BTC has generally been moving sideways in a long-term consolidation range. The tug-of-war between bulls and bears is especially pronounced, and there is currently no clear direction for a breakout to the upside or downside in the short term.
Looking back at the four-hour chart, the price has been repeatedly hovering between a key support zone and a key resistance zone. The short-term market shows no follow-through, and “sweeping” back and forth across the board is the norm at this stage. For regular retail traders, the biggest taboo in this type of market is taking heavy positions and trading too frequently—otherwise it’s easy to get worn down by repeated stop-losses and burn through your principal. #特朗普5月13日访华