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The current BTC position is running at the middle band of the Bollinger Bands on the hourly chart, still oscillating at a high level.
The purpose of dog house thinking has two aspects.
1: High-level fluctuations combined with giving altcoins time to rally.
2: Some late buyers are trapped at high positions.
3: Use oscillation time for both long and short liquidations (for those who can't control their hands and want to open positions all the time)
4: Waiting for news to emerge
5: Not easily going down after being caught in a bunch of short positions below 90,000 a while ago.
From this perspective, if there is no 4-hour downward correction (to the 382 position) tonight on Friday, then this weekend will almost still be a meme season, and the correction would have to wait until next week, with some time needed for fluctuations. Many people have already noticed that animal MEMEs are flying, and BTC is rotating in the oscillating sector, which is also a sign of a small bull market. Let's layout some other tracks. #成长值抽奖,赢MacBook Air和精美周边# #WCTC S7 报名开启# #12周年庆典:齐享百万豪礼#