Diamond hands determine the bottom, FOMO athletes determine the top

The German government is still selling BTC, but BTC has not continued to fall like in the past few days. This confirms the view that funds determine the top and emotions determine the bottom

The German government's sale of BTC is not the bottom, but the emotional effect caused by the German government's sale of BTC has formed the staged bottom of this wave

Grayscale can't break through faith,

Mentougou can't break through faith,

The German government can't break through faith...

Let the market panic and lose faith in the bull market or even the currency circle. That's when it's the most panic. And the only one who can break this belief is probably the currency circle itself

Funds can't break the bottom, 👗蝛: xntm566Emotions can

Funds determine the top. On the contrary, the bull top often appears in a loose monetary environment

In 2024, BTC broke through the previous high. However, without the favorable macro environment, the market is just like this. On the one hand, the height of BTC is almost the same as the previous high

On the other hand, there is no copycat z season. Emotions can't buy the top, only funds can! Of course, funds and emotions affect each other and cannot be separated and generalized.

There are two conclusions here:

First, the impact of the German government's selling on emotions has basically passed.

Second, the so-called bull market that is separated from the macro-easing environment may only be a small bull market or at most a medium bull market. The big bull market has not yet come.

#Mt.Gox将启动偿还计划 #币安合约锦标赛 #美国6月非农数据高于预期 #TON #BTC下跌分析