Bitcoin has entered a consolidation phase since November 26th, with the daily chart showing a correction trend of 30 candlesticks. After this decline, a clear sign of stabilization can be observed, indicating that market sentiment is gradually settling.
At the current pace, it will take about ten more days of adjustment to complete this convergence. Some people call this process accumulation, while others refer to it as consolidation; essentially, the logic is the same—waiting for a clear direction.
From the candlestick pattern, as long as the box consolidation lasts long enough, the probability of upward or downward movement is theoretically 50%. However, considering the larger cycle background and the breakout of trend lines, the subjective inclination is that the possibility of an upward move is slightly higher.
More interesting is the 87,000 level. The dense trading records here indicate that major institutions are frequently positioning themselves, suggesting that there will likely be action in the future. The market is brewing like this, accumulating strength during the calm consolidation.
So the current advice is simple—don't rush to chase. Save your bullets and wait for a comfortable opportunity to act. As Buffett said, a good baseball player swings only at the best moment.
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HodlOrRegret
· 8h ago
87000, big institutions are really lying in wait at this level, waiting for their move.
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GasBandit
· 8h ago
87000 this wave of institutional layout is indeed quite interesting, a feeling of calm waters running deep
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Exactly right, jumping in now is just giving away bullets, let's wait and see
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Buffett's approach doesn't seem to work very well in the crypto world, haha
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Ten days or so? Feels like it might take even longer, anyway, I'm just idling
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Does heavy trading necessarily mean action? Not necessarily, my friend
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The box pattern is clear, but I don't know where it will break out
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Instead of waiting for a comfortable opportunity, it's better to wait for a confirmed signal
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87000 does have some potential, but institutional layouts haven't always been profitable
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I'm already tired of this consolidation, when will there be a breakout
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While saving bullets, don't forget it might be building up power all along
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SchrodingerWallet
· 8h ago
87,000 this intense trading, large institutions are indeed laying the groundwork
To put it simply, it's waiting, don't be washed out
Only after 30 candlesticks have adjusted to now, there's still more to endure
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CryptoGoldmine
· 8h ago
87000 That intense trading really is interesting. From the growth curve of the computing power network, the rhythm of this institutional deployment aligns somewhat with the difficulty adjustment cycle. Saving bullets at this step is indeed the right move.
Bitcoin has entered a consolidation phase since November 26th, with the daily chart showing a correction trend of 30 candlesticks. After this decline, a clear sign of stabilization can be observed, indicating that market sentiment is gradually settling.
At the current pace, it will take about ten more days of adjustment to complete this convergence. Some people call this process accumulation, while others refer to it as consolidation; essentially, the logic is the same—waiting for a clear direction.
From the candlestick pattern, as long as the box consolidation lasts long enough, the probability of upward or downward movement is theoretically 50%. However, considering the larger cycle background and the breakout of trend lines, the subjective inclination is that the possibility of an upward move is slightly higher.
More interesting is the 87,000 level. The dense trading records here indicate that major institutions are frequently positioning themselves, suggesting that there will likely be action in the future. The market is brewing like this, accumulating strength during the calm consolidation.
So the current advice is simple—don't rush to chase. Save your bullets and wait for a comfortable opportunity to act. As Buffett said, a good baseball player swings only at the best moment.