Bitcoin's price action in recent days has given a very clear signal: a sentiment peak, weak structure, and high volatility. Any blind bottom-fishing is simply contributing to the market's losses.
Many people are hesitant to buy the dip after seeing analysts say there's a "nearly 50% probability of BTC falling below 90,000." I can only say—while you hesitate, the market never does.
The current market is waiting for a trigger.
If Powell releases a statement before the December interest rate meeting saying "no rate cut" or "postponing rate cuts," risk assets will immediately be amplified by sentiment. Bitcoin's current high-level consolidation is essentially a game of expectations among investors. Bulls dare not push, and bears dare not push; everyone is waiting for direction, but structurally it's clear that upward movements are weak and downward movements are smooth.
This is also my consistent view during this period—
High-altitude trading is where profits are maximized.
Why?
Because the current market isn't trend-following, but rather sentiment-driven. To profit from sentiment-driven trading, one must stand at key resistance levels and wait for the market to deliver "wrong orders." If you chase the upward trend, a single reversal in sentiment will turn your position into profit-taking fuel for others.
If you short at a high level, a weakening structure will allow your profits to materialize faster than others.
Today, I maintain my original assessment:
Bitcoin may not break yesterday's high. If it fails to do so, funds will likely move downwards to find support. Conversely, even a short-term surge won't change the fact that the overall trend is weak.
Market movements aren't about guessing, but about position and probability.
When the price reaches the target level, act; when it doesn't, wait.
This is the biggest difference between professional traders and emotional traders.
Maintaining a steady pace is paramount.
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks, remain calm and rational, and use sound strategies to cope with market changes!
