Peanuts! What is Bitcoin doing this time, guys! I thought this afternoon it would break 88k and shoot straight up to 90k, 91k for sure! Who would have thought, just touching the mark, a long green candle, making so many people FOMO at the peak, and then it froze completely. It keeps hovering around the 88k-89k range.
This morning it dropped lightly to 86k, then bounced back up as if there had never been a breakup. Thought it was strong! Now what? Looking at the candles, they keep alternating red and green, and the volume is tiny. What is the whale planning to do? Are they waiting for the right time or secretly dumping their holdings, who knows!
Some of the longs are waiting, while the shorts probably got wiped out yesterday. Now only the day traders can jump around. But the risk is too great! Should I just watch from the sidelines, or dare to catch a falling knife? Well, I'll wait a bit longer to see if the resistance above 88k gives way. What if there’s a strong drop? It’s tough being a trader!
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