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Looking at this round of BTC market, I always feel that something is off. A large buy order of 2.13 billion is sitting there, yet it can't support a decent upward trend, which already indicates a problem.
Originally, it was expected to fluctuate between 98,000 and 103,800, but what happened? The trapped sellers above couldn't wait that long. Before 98,000 even stabilized, some people already couldn't hold back and started to cut losses. Buying momentum has never kept up, and the market is wearing down investors' patience through repeated tug-of-war.
Trading has become increasingly cautious, but this caution has turned into an obsession— the more afraid you are, the more eager you are to act. This contradictory mindset torments traders. Sometimes, when reviewing the charts, I can find familiar patterns—those recognizable candlestick formations replay again. The routines of bottoms, tops, and sideways consolidations I’ve seen before seem to cycle repeatedly.
The most rational choice is to stay out of the market and wait, to completely distance oneself from this game. But how much freedom do traders really have? Often, there’s no choice but to keep opening positions and endure the market’s fluctuations. As I write this, my emotions finally settle a bit, and I observe the market again with extreme calmness.