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Getting ready to sleep, Bitcoin needs to consolidate a bottom above 62570; only then can the bulls breathe a sigh of relief. If it’s constantly suppressed by 628, and 628 becomes a multiple top, the probability of continuing downward is greater than moving upward.
This market has already become very frustrating for those who have been trading, with whipsawing back and forth, shaking out the weaker hands, causing the altcoins to fall even deeper😂...
There are quite a few people who tried to bottom fish above, from 628 all the way to 634, these are densely packed 1-hour resistance levels. It looks quite difficult to break through on the first attempt. It might be good to consolidate here, establish a small support, and then rebound upward to recover...
Let's see after 12:30 and 1:30 whether the NASDAQ can recover a bit. Today, BlackRock sold quite a bit; after the US stock market closes at 4 PM, see if the selling pressure can ease a little.
Playing US stocks, pay attention to Federal Reserve news at specific times, and other times just focus on the company's operational situation. Playing crypto is really exhausting—having to "know the sky from above, the ground from below, major international affairs in between, memorize historical market trends, and do it 24/7," it’s exhausting like a dog, and still not making much money😂...
Just endure it, that’s all we can do. With things as they are now, whether to leave or stay, it’s all the same... If you’ve taken positions today and it drops, don’t rush to add more. If your position is small and you want to add later, at least wait until a 4-hour rounded bottom forms before doing so. Enter with light positions on the left side, add on the right side; better than getting caught in a position and constantly averaging down on the left side.