Brother Niu discusses with you the recent anti-market sentiment actions, feel free to share your thoughts; this is a discussion article.
Recently, while browsing posts from bloggers, I discovered a fact: the former leaders of the bears have started to shout bullish, a great bull market, a rampant great bull market, everything is available. Why in these few days has Brother Niu, a steadfast leader of the bulls, started to call for a bearish market? Let me delve into Brother Niu's thoughts with you.
Since the spot BTC fell to 49,000 on August 5, it has begun a steady rebound (my previous Weibo was banned, and at 49,000, Brother Niu started to go long, rarely going short because the bottom was already set there; I believe many old fans know what's going on). On November 8, the spot price of BTC was 75,787, having rebounded by 56%. At such a high position, I believe many people feel that a rampant great bull market is coming, with 80,000 just around the corner, coupled with the reliable election of the U.S. president (officially taking office on January 20) making the situation very favorable, 100,000 is just around the corner, and 130,000 is expected by the end of the year.
Talking about it makes me want to FOMO; I cannot be swayed by market sentiment. The price has risen so high without a pullback, aren't you afraid? It has already surged by 10,000 dollars. Additionally, last night, CCTV live-streamed Bitcoin, which is a topping signal, and I had a dream where I saw a knife, clearly reinforcing my views; I cannot be coerced into going long. Looking at the RSI indicator, all three indicators are close to being overbought, and the RSI3 value has reached 61, which is moderately strong. Although it hasn't reached overbought yet, it is extremely close.
The day before yesterday, although Brother Niu was shorting at the floor, yesterday he was gradually testing the top, trial and error. You can check out the blog post Brother Niu posted yesterday; it looks more coherent this way. The position I looked at last night was around 77,000, and the highest last night reached the integer level of 76,900, another integer level.
The signs of manipulation by the whales are too obvious. After missing out, Brother Niu couldn’t find a good entry point; luckily, I am making gains on the spot market; otherwise, this round would have truly been missed. ETH has continued to rebound for two days; a non-pullback pattern is unhealthy, remember that.
Please always believe in Brother Niu; Brother Niu is with you.