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This morning, looking at BTC's trend, I suddenly remembered my friend Xiao Zhang's experience buying a house.
He liked a property, the landlord quoted 780k yuan, Xiao Zhang hesitated for a long time, and finally negotiated down to 769k yuan.
The landlord refused, and they stalemated for the whole day.
By evening, the landlord relented and agreed to a deal at 782k yuan.
Xiao Zhang thought, "Hey, it's 8,000 yuan cheaper than the original price, not bad," and signed the contract.
BTC today is just like this!
Starting from yesterday's opening at $76,960, it drifted all the way up to $78,240, a 0.69% increase.
This kind of rise is like Xiao Zhang buying a house—looks like there's profit, but somehow it doesn't feel quite satisfying.
The most interesting part is, when it hit a high of $78,662 today, it felt like the seller deliberately raised the price and then said, "See, I've already made many concessions."
Market sentiment index is 39, a typical fear state, everyone is watching, no one dares to make bold moves.
What does a trading volume of 780k tell us?
It's like there are many people looking at houses, but not many actually paying.
Everyone is waiting, waiting for a clearer signal.
This kind of sideways consolidation tests your patience the most.
It doesn't rise much, doesn't fall deep, but it still makes people itchy.
Just like Xiao Zhang checking the housing app every day—seeing if it went up today, whether it will drop tomorrow.
The market is like this—sometimes, days of calm and stagnation are actually days to gather strength.