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 interest rate cut by the Federal Reserve, coupled with the active intervention of BlackRock, 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 should be noted that the market changes rapidly, and actual operations need to be flexibly adjusted based on the latest market data.

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Currently, the market is moving slowly, and the daily chart shows a small rise after yesterday's pullback, followed by a partial retest after the high exploration, breaking the weak pullback and retesting the high. The daily chart stabilizes at the moving average, the rising trend is slowing down but not weakening, Ether is also showing strong long positions, partially in sync with BTC, to some extent limiting the short-term BTC's upward momentum, currently entering a high-level consolidation phase.
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Many people have the misconception that there will be a big dump or Long Wick Candle, but instead they are trapped. In the crypto world, the most important thing to do is to follow the trend. When there are many falls, think about a rebound; when there are many rises, think about a Long Wick Candle. Although there is indeed such a trend, it is not absolute. Especially in the current unilateral rise, there is no top above, and anything is possible. The continuous upward trend of BTC daily candlestick and the upward movement of the high level on an hourly basis indicate that there is no sign of trend reversal. Currently, BTC is in a sideways pattern at a high level, substituting fall with sideways. The overall sentiment is still leaning towards long positions. It is clearly unwise to short now. We should continue to maintain the intraday strategy, focusing on buying on dips.