Trading on low timeframes for BTC indeed presents some challenges. However, if the price can break below the key support level VAL and then rise back above it, that would be a relatively noteworthy long opportunity.
What's more interesting is that the current open interest (OI) has returned to the levels seen before that impulsive rally. This signal suggests that the market's leverage scale is adjusting and may also indicate the brewing of the next wave of market movement. For short-term traders, these details are often the key to finding entry points.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
BugBountyHunter
· 4h ago
VAL broke down and came back? I've seen this trick before, just waiting for that moment.
View OriginalReply0
fren.eth
· 4h ago
VAL broke down and came back? Then just wait and see, the fact that OI has returned to previous levels is indeed something worth watching.
View OriginalReply0
CodeAuditQueen
· 4h ago
The repeated testing of the VAL position is a bit like a reentrancy vulnerability, requiring two runs to confirm whether it's real or not, similar to overflow checks with the same logic.
View OriginalReply0
JustHodlIt
· 4h ago
Breaking below and then retesting is indeed a classic move, but whether VAL can hold this level is the key.
I've seen the OI retracement signals several times; sometimes they work, sometimes they trap, so it's still necessary to look at the market sentiment.
Trading within a low timeframe is basically gambling on psychology. I still trust long-term holding more.
If this wave truly signals a new trend, those who have been prepared in advance will be the ones laughing.
Re-establishing support and jumping in immediately? I wish it were that simple.
Trading on low timeframes for BTC indeed presents some challenges. However, if the price can break below the key support level VAL and then rise back above it, that would be a relatively noteworthy long opportunity.
What's more interesting is that the current open interest (OI) has returned to the levels seen before that impulsive rally. This signal suggests that the market's leverage scale is adjusting and may also indicate the brewing of the next wave of market movement. For short-term traders, these details are often the key to finding entry points.