Today, some little brothers couldn't hold their positions and came to find me. Indeed, the price has been fluctuating around 66,800 for a long time, even reaching up to 67,200 at one point, causing everyone to panic. Here, let me explain with a chart.

If you look at the candlestick chart, you'll see that BTC repeatedly surged to 68,500 and was immediately pushed back. Currently, we're in a bear market, and the market has been weak, with some impulsive traders eager to test lower support levels.
By observing, it's not hard to see that on the 4-hour chart, BTC's highs are continuously getting lower, and the recent attempt to test the 7.4 resistance level is highly unlikely.
In today's 15-minute candlestick chart, after BTC touched the small support at 67,200, it instantly dropped like a waterfall, indicating that the bulls are exhausted and the downtrend is confirmed.
So why has it been oscillating around 68,800 in the end? The reason is that BTC is very likely heading to test lower support levels. But the market makers aren't fools—how could they let all the shorts at this point get wiped out?
Therefore, this wave of oscillation is meant to shake out retail traders relying on intuition or gambling. Without strong discipline, it's very difficult to hold this level. #何时是最佳入场时机