#美联储何时降息？ ? The bull market is over? ! ! ! This bull market is not what you think it is. The evolution of the market is very interesting. It is unrealistic to just think about speculating in coins. The market has confused people. Throughout every bull market, there has never been a high point falling below the 120-day moving average. Every time the high point falls below the 120-day moving average, it is a bull-to-bear market. We are stubborn and believe that the bull market after the halving must appear a few months after the halving, so we fantasize that it may be a false break. Throughout all the bull markets of Bitcoin, there has not been a high point that has fallen below the 120-day moving average and can stand up again in the short term. The news, the Mentougou compensation, the government selling coins, especially the government selling coins, he will not talk to you about technology. The superior said to sell, and the rest is execution, that's all. Don't bargain with the government. People don't care what the price is, whether it breaks or not. Since the shipment is sold, the rest is to continue selling. I can't stop. I sell when I'm at work and rest on weekends. It's that simple. Grayscale is not idle either. It sells every day. Although other ETFs have bottomed out, they can't stand such selling. If it could really hold up, it wouldn't fall so sharply. It's too naive. Knowing that the high position falls below the 120-day moving average, the probability of turning into a bear market is very high, but I still brainwash myself blindly. I have to admit this violent smash. Now 9 and a half out of 10 old leeks in the market are trapped. Where did the money go? The dealer is also trapped. The money has been harvested by the government. Don't expect the money from the government's sale of Bitcoin to flow into this market. This part of the money will basically not flow back into this market. So much money, if it doesn't flow back to the market, where will the funds that drive the price to continue to rise come from? In short, there are 4 reasons: 1. The high 120-day moving average is broken, 2. The decline breaks, 3. The government sells coins, and the funds will not flow back to the coin circle. 4. BnB false breakthrough, turned into a real decline.

These are all personal opinions. I have no chance of participating in this bull market. I’ll take the loss. Let’s wait for Bitcoin to stand above the 120-day moving average again.