#我在Gate广场过新年 2.21 Daily Report

If you understand candlestick momentum, then you can easily see that the 15-minute chart has no reference value (see Figure 1). It’s very chaotic.
I mentioned this before because at this level: 1. Lack of liquidity, not many people trading anymore; 2. Some big players might directly buy the dip in spot market. Their dip buying in a market with no liquidity is a disaster—it causes a big bullish candle to lure in many longs, then institutions sell off and dump, trapping many shorts. This back-and-forth makes the market even less liquid. Ultimately, it’s a liquidity crisis.
Dealing with the current market is simple. Since the US session started, it’s been chaotic, with various support and resistance levels failing. It’s better to trade during the European and Asian sessions. Anyway, everyone’s liquidity is low, so it doesn’t matter. No big orders are causing sharp swings. During the Asian and European sessions, trade honestly according to key levels. Take a profit or cut losses once you get a good position. Avoid overthinking the bigger picture; this market doesn’t allow for that.
Currently, the chart shows that 68400 remains a resistance level and is also a liquidity concentration zone (see Figures 2 and 3). Such a large range has already been marked out. With 68400 as support, you can short; a breakout can be chased long. Above 64400, you can go long; a breakout can be chased short. The short and long sides should avoid over-positioning at key levels, as it’s easy to suffer losses. Trying to “play tricks” and getting caught in the middle is pointless. If you fail to “steal chickens,” you might end up trapping yourself. It’s all meaningless.