The long-term trend of BTC is still developing in a positive direction, especially after the dust settles on the US presidential election and the announcement of the Federal Reserve's interest rate cut, coupled with BlackRock's active involvement, market confidence has been strengthened. In terms of short-term operations, it is recommended to appropriately reduce positions at high levels. If it is a long-term investment, positions can be gradually increased during the pullback process. It is important to note that the market is ever-changing, and actual operations need to be flexibly adapted based on the latest market data.

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Currently, the market is moving slowly, and the daily candlestick has experienced a small rise after yesterday's pullback, followed by a partial retest after the upward exploration, breaking the weak pullback and retesting the high. The daily candlestick stabilizes at the moving average, and the rising trend, although slowing down, has not weakened. Ether (ETH) has also shown strong long positions, partially synchronized with BTC, to a certain extent limiting the short-term upward momentum of BTC. Currently, it is entering a high-level consolidation phase.
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Many people have imagined a big dump Long Wick Candle, but instead they are trapped. In the crypto world, the most important thing to gain is to learn to go with the trend. When there are many falls, think of a rebound; when there are many rises, think of a Long Wick Candle. Although there is indeed such a trend, it is not absolute. Especially in the current unilateral upward movement, there is no top above, and anything is possible. The continuous rise of BTC daily candlestick is still ongoing, and the high level of hourly level is still constantly moving up. Although the upward trend has slowed down at present, there is no sign of trend reversal. Currently, BTC is sideways at a high level, using Sideways to replace fall. The overall sentiment is still skewed towards long positions. It is obviously unwise to short now. We should continue to maintain the intraday mindset and focus on buying on dips.