In the cryptocurrency world, 'slow rises and sudden drops', what will usually happen next?
This usually occurs during a rebound or a trend reversal phase during an upward trend, which is a common method of washing out in a typical bull market.
After a coin has managed to rise for a few days, it suddenly experiences a significant drop in one day, making the recent gains seem insufficient compared to the drop. This causes most newcomers and those with low risk tolerance to obediently hand over their holdings;
After the drop stabilizes, the price begins to rise slowly again, generally reaching new highs after a while. When it reaches a certain height and there is a lot of following buying, the main funds may repeat the same trick, leading to another sudden drop during the upward phase. Typically, this kind of drop is characterized by its speed and short duration.
Sometimes, in just a few days, the market can drop by 5%-10%, and at times, it can be 15%-20% deep over a longer period; but usually, it will adjust to the maximum extent at significant support lines.
Lastly: Do you have any messages you would like to convey to Powell?
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