#Gate广场发帖领五万美金红包 #我在Gate广场过新年 February 21st Journal

If you understand candlestick momentum, then you can easily see that the 15-minute chart has no reference value (see Chart 1). It’s very chaotic.
I mentioned this before because at this level: 1. Lack of liquidity, not many people trading anymore; 2. Some big players might directly buy the dip in spot market. Their dip-buying in a market with no liquidity is a disaster—it will push up a big bullish candle to trap many longs. Then, due to institutional selling and heavy drops, many short positions get trapped, and the market swings back and forth, further reducing liquidity. Ultimately, it’s a liquidity crisis.
Dealing with the current market is simple. Since the US session started, it’s been chaotic, with various support and resistance levels failing. It’s better to trade during the European and Asian sessions. Since everyone’s liquidity is low, it doesn’t make much difference. Without large orders influencing the market, the price swings are minor. During the Asian and European sessions, trade honestly according to key levels. Take a profit or cut losses when you hit a target. Avoid trying to force a pattern—this market simply doesn’t allow for a clear pattern.
Looking at the current chart, 68400 remains a resistance and a liquidity concentration zone (see Charts 2 and 3). Such a large range has already been marked out. With 68400 as support, you can short; a breakout can be chased long. Above 64400, you can go long; a breakout can be chased short. The bulls and bears should avoid trying to force a pattern in the middle levels, as it’s easy to lose more than you gain. Failing to catch the “chicken” and getting trapped is pointless.