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Don't be misled by the illusion of Bitcoin's short-term weak oscillation. Now is a good time to position long at low levels.
Prolonged sideways movement makes holders anxious and empty-handers fret about missing out. Market panic has been fully released, and short power is continuously exhausted.
Moving average suppression is only a temporary obstacle. Bollinger Bands are gradually narrowing, brewing a reversal. Every pullback is an opportunity to buy the dip.
Don't obsess over catching the perfect bottom. Allocate positions reasonably and hold long-term. Survive the shakeout phase to capture the subsequent upward trend.
Trading suggestion: Go long around 59600-59000, target around 61000-61600, break above 62500, 64000. Stop loss based on your own position.
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