On Saturday afternoon, BTC is still bouncing around the $84,000 mark. The aftershocks of last night's 'violent liquidation' are still present, and the market is currently in a very delicate vacuum period.
Today's market summary:
Reduced volume fluctuations: After a significant drop in volume last night, today's rebound has clearly seen reduced volume, which means the bulls haven't caught their breath yet, and the bears are also hesitant to continue selling at this position.
Center of gravity shifting down: BTC's short-term support has moved down from yesterday's $88,000 to around $83,000. As long as it stays at this position long enough to complete the handover of chips, there will be a foundation for an upward counterattack next week.
Despair about exchange rates: The ETH/BTC exchange rate still hasn't improved, and altcoins are basically in a 'lying flat' state now. This indicates that the internal competition remains fierce, and funds are still hesitant to flow into high-risk areas.
Practical advice for everyone:
Operationally: Look more and move less. If you have a heavy position, it's advisable to reduce a bit around $85,500 to leave some bullets for a possible second bottom. If you are out of the market, now is not the time for a big bet; placing orders in batches is the way to go.
Technically: Focus on the lower band of the Bollinger Bands on the 4-hour chart. My personal automation script is currently set very conservatively and only triggers entry at extreme points.
Personal Insight: Last night someone asked me why I'm not anxious. Actually, after staying in a place like Shenzhen, which changes every day, you realize that the market, like life, has its own breathing rhythm. You can't expect it to rise every day.
In summary:
In the current market, what is most tested is not your skills, but your **'composure'**.
Instead of getting tangled up in a few hundred points of fluctuation, it's better to turn off the computer and enjoy the weekend. In this circle, those who can outperform the market are often not the smartest, but the ones who can endure.
Tonight I'm planning to take a walk. Do you think the market will first surge to $88k or drop to $80k when it opens next Monday?