Currently, the US stock market is in a correction cycle, and Bitcoin naturally follows the rhythm, swinging up and down. The market looks lively, but the direction is not clear~
In the short-term technical patterns, there are frequent reversals, with bullish and bearish signals fighting each other. No matter how you look at it, it doesn't seem to offer a definitive trend~ From Dow Theory, the main trend is entering a consolidation phase, and the market needs time to complete the rotation~ In wave structure analysis, it appears more like a correction wave after an impulsive wave, and the structure has not yet fully developed. Forcing a direction is more about battling noise~ As mentioned earlier, at such times, the best "trading strategy" is often not betting on bullish or bearish moves, but patiently waiting~ Being able to hold back during volatile periods is itself a highly successful skill~
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Currently, the US stock market is in a correction cycle, and Bitcoin naturally follows the rhythm, swinging up and down. The market looks lively, but the direction is not clear~
In the short-term technical patterns, there are frequent reversals, with bullish and bearish signals fighting each other. No matter how you look at it, it doesn't seem to offer a definitive trend~
From Dow Theory, the main trend is entering a consolidation phase, and the market needs time to complete the rotation~
In wave structure analysis, it appears more like a correction wave after an impulsive wave, and the structure has not yet fully developed. Forcing a direction is more about battling noise~
As mentioned earlier, at such times, the best "trading strategy" is often not betting on bullish or bearish moves, but patiently waiting~
Being able to hold back during volatile periods is itself a highly successful skill~