Recent market conditions are a typical sideways range torture scenario—rallies lack momentum, and declines have support. This is the kind of market traders hate most.
Looking closely at the bulls' performance actually reveals the problem—price weakens immediately when approaching the range top, buying pressure drops sharply. As soon as selling pressure comes in, market sentiment easily panics. The lack of conviction clearly indicates the probability of a breakout isn't high.
In ranging markets, the easiest mistake is aggressively catching the bottom or chasing highs. Rather than being played by the market, it's better to observe patiently. Every rebound before a breakdown actually gives shorters opportunities to position. Staying on the sidelines isn't cowardice—it's about finding the most precise entry point. Remember the core principles: no greed, no overtrading.
Technical reference: For BTC direction, resistance is around 93800-94500. If rebound weakness is confirmed, targets point to 92100-91500. For ETH, resistance is at 3250-3320. With the same logic, targets are directed at 3160-3080.
Box range is grinding people down, can't go up and can't go down, my hands are itching like crazy. You're right, this kind of market tests your psychology the most, one careless move and you get liquidated.
Recent market conditions are a typical sideways range torture scenario—rallies lack momentum, and declines have support. This is the kind of market traders hate most.
Looking closely at the bulls' performance actually reveals the problem—price weakens immediately when approaching the range top, buying pressure drops sharply. As soon as selling pressure comes in, market sentiment easily panics. The lack of conviction clearly indicates the probability of a breakout isn't high.
In ranging markets, the easiest mistake is aggressively catching the bottom or chasing highs. Rather than being played by the market, it's better to observe patiently. Every rebound before a breakdown actually gives shorters opportunities to position. Staying on the sidelines isn't cowardice—it's about finding the most precise entry point. Remember the core principles: no greed, no overtrading.
Technical reference: For BTC direction, resistance is around 93800-94500. If rebound weakness is confirmed, targets point to 92100-91500. For ETH, resistance is at 3250-3320. With the same logic, targets are directed at 3160-3080.