How much Bitcoin was sold at night, and how much Bitcoin was bought back during the day, so why didn't it continue to rise? What about the buyers? What is the truth of the market?
First of all, it is an iron rule that there will be a correction if it rises too much. Second, the fact that buyers did not buy at a new high all at once shows that they are not determined, and they only buy slowly 4 hours after the decline, which shows that buyers are still hesitating about the sellers' selling pressure, and they buy tentatively, which gives the market the illusion of a long market.
Third, we look at the buying and selling time period, and it also falls. Buying during the day, buying and selling have changed regions, which shows that there are real European and American institutions selling. Exclude the left hand from the right hand.
Fourth, the rise of Ethereum shows that the funds are not rushing to the new high of Bitcoin, and no one is willing to pull Bitcoin to a new high. Choosing Ethereum is likely to be a speculative behavior.
Fifth, as retail investors, we cannot reverse the trend. The general trend is that Bitcoin will be 150,000 in 2025, and it will rise back to around 100,000 by the end of the year.
Sixth, miners have been selling in the short term, because miners know that there will be Bitcoin below the mining cost after halving, and it is okay to follow the miners. Finally, a warm reminder, our industry wants to make real money, not just talk. If you want to get rich in 2025, remember one thing, make a good layout, this is much easier than practicing a skill for 10,000 hours. If you can't do this, I can't help you.
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