#我在Gate广场过新年

Market Summary for Today -- Volatile and Slightly Weak, Market Direction Unclear, Watch More and Act Less

Another day of choppy trading. Bitcoin today fluctuated between 66,500 and 68,500 with a slight downward bias. In the evening, it retraced and closed around $67,000. From the 4-hour chart, the price is clearly constrained by the short-term moving average and the middle band of the Bollinger Bands. The Bollinger Bands are beginning to tighten, indicating a potential trend reversal; from the daily chart, the market is also under the influence of the short-term moving average. Overall, the market is weak, but there is no clear direction. The future is uncertain, so there's no need to bet on a direction. Continue to enjoy the Spring Festival holiday, watch more and act less.

In altcoins, you might want to pay attention to WLFI. Trump is up to something again. Over the past 11 hours, the Trump family-related address has transferred over 313 million WLFI tokens. Not sure if this is a sign of a pump coming. If you want to buy in, consider setting a 20% stop loss.

The market remains unpredictable. Use the holiday to spend more time with family. There are plenty of opportunities to make money. Wishing everyone a prosperous Year of the Fire Horse!