Recently, I've been watching BTC repeatedly test the resistance around 93,800. The previous short positions were opened before, and it has been oscillating in this range without breaking upward or experiencing a clear pullback, as if accumulating strength or waiting for a direction confirmation. The entire market is in this state with little activity; all coins are very quiet.
Then XRP suddenly surged in a one-sided rally, and this scene looks a bit off. Normally, when BTC rises, it drives the entire market; other coins follow or even overperform, which is understandable as a market norm. But when BTC consolidates and stays still, and suddenly some coins are pushed up regardless of the reasons behind the move, it indicates an unhealthy market.
The risks here are quite obvious. If BTC chooses to go down, those coins that are artificially pushed up against the trend are likely to become the bagholders. Conversely, if BTC really breaks upward, can these coins that were pulled up early sustain without a pullback? Market fluctuations are normal, especially since this recent rise hasn't shown significant volume support, which itself is a hidden risk.
Even if the market ultimately continues to rise mindlessly, the old saying still applies—proper position sizing and leverage configuration are essential to give you room for operation and error tolerance. This is always the fundamental skill in trading.
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GamefiEscapeArtist
· 01-09 06:20
93800 this position is indeed a bit frustrating. The recent surge of XRP has made me frown, and the trading volume hasn't kept up, yet it dares to do this...
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BTC stays still while XRP goes on a joyride? I've seen this trick before, it will come back to bite sooner or later
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Mindless surges are ultimately a playground for bagholders. I don't want to get involved
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Position and leverage are the life-saving straw, I totally agree with that
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It feels like they're digging a hole for later entrants. Everything's quiet, yet you still dare to go against the trend? That's bold
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The trading volume isn't cooperating, and now it's starting to shake out. I choose to stay away from this kind of market
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ChainComedian
· 01-08 23:34
XRP's recent surge is indeed a bit suspicious, feels like funds are digging a trap.
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NFTBlackHole
· 01-06 08:51
XRP's recent surge is a bit suspicious; BTC hasn't moved at all, yet it took off on its own... I'm really worried this might be a trap for bagholders.
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SelfStaking
· 01-06 08:47
93800 this level is indeed tricky, XRP's recent rally lacks the volume to support it, feels like they're setting a trap.
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VitalikFanAccount
· 01-06 08:45
93800 is indeed a bit awkward, and XRP's recent surge doesn't seem very stable.
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DuskSurfer
· 01-06 08:43
93800 repeatedly confirmed this point, it does feel a bit uncomfortable... BTC is just so steady, while XRP is jumping up and down, a typical pump-and-dump rhythm. Now those chasing the high should be prepared to take over the position.
Recently, I've been watching BTC repeatedly test the resistance around 93,800. The previous short positions were opened before, and it has been oscillating in this range without breaking upward or experiencing a clear pullback, as if accumulating strength or waiting for a direction confirmation. The entire market is in this state with little activity; all coins are very quiet.
Then XRP suddenly surged in a one-sided rally, and this scene looks a bit off. Normally, when BTC rises, it drives the entire market; other coins follow or even overperform, which is understandable as a market norm. But when BTC consolidates and stays still, and suddenly some coins are pushed up regardless of the reasons behind the move, it indicates an unhealthy market.
The risks here are quite obvious. If BTC chooses to go down, those coins that are artificially pushed up against the trend are likely to become the bagholders. Conversely, if BTC really breaks upward, can these coins that were pulled up early sustain without a pullback? Market fluctuations are normal, especially since this recent rise hasn't shown significant volume support, which itself is a hidden risk.
Even if the market ultimately continues to rise mindlessly, the old saying still applies—proper position sizing and leverage configuration are essential to give you room for operation and error tolerance. This is always the fundamental skill in trading.