Why is the BTC price fluctuating in a narrow range? What does it reflect?
These days, $BTC has been jumping between 84,000 and 90,000. Many people are asking if there's no hope left? Sister Rong thinks it's not that it can't rise.
Some people have been waiting for a long time for the market depth to be sufficient to cash out without crashing the market; institutions are also building positions during the pullback, not chasing highs or being aggressive. One side retreats while the other side enters, resulting in the price being locked in this range.
Macroeconomically, the Federal Reserve is cutting interest rates, and liquidity hasn't been fully released, so the dollar remains strong. Bitcoin lacks a breakout point but also has no reason to crash.
Therefore, I believe that the longer the sideways movement lasts, the more intense the subsequent breakout will be. If you are in a state of anxiety, perhaps it's time to adjust your rhythm. At what position should you open a position? At what position should you close a position? Follow me, 扫码进聊天室, for top-notch strategies to seize major opportunities for doubling your investments!
