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This round of market trends is a bit extreme. After the rise, the direction of the movement is not quite right.
I actually increased the position Long at a high level, with high expectations, but the longer I waited, the more uneasy it felt. When I sensed that something was wrong, I pulled out at a high point, which is normal to have a pullback at the beginning of the market, but the imbalance in your buy and sell orders is evident. On the one hand, it always feels like there's selling pressure that never ends for BTC, with continuous downward pressure and weak Rebound. The buying pressure also feels extremely weak, and altcoins show no signs of continued strength, indicating that the sentiment is not great. It seems like the Market Maker is not interested in Market Stabilization at all, with no intention of stabilizing. After following the long position for an hour, I realized there was no strength and decided to play people for suckers. I'm not interested in continuing this trade, I spent the whole night playing games.
It seems that the only way to deal with the recent market is to go short if you don't watch it carefully, and rug pull if the situation is not right. Based on my recent observation, there is no sustainability. Just when you think it's okay, it pumps again in no time.
Given the current strength, it's normal to fall below 50,000 points. In addition, the intensity of both long and short has actually weakened by one level, which will lead to a fight. Near-term opportunities are not important. I really look forward to a big market movement. It's really annoying.
In addition, I saw CEL rise, but it also rose a lot at that time. I estimate that it won't go far under the current environment without prompting.