Bitcoin is currently trading at around 98,000. It dropped to 92,232 yesterday afternoon, and then started a volatile upward trend. Although there was a possibility of further decline last night, the market chose another way. Behind this phenomenon, the operation logic of the big dealers may be worth discussing.

Looking back at the recent trend, Bitcoin's market conditions for three consecutive days were almost the same:

The first round of decline: from 108,000 to 103,000, the sudden early morning crash caught retail investors off guard, a large number of accounts were liquidated, and the dealer completed the first wave of harvesting. At the same time, the market was full of optimistic theories of "bull market correction", which further confused investors.

The second round of decline: in the early morning of the next day, it fell from 105,000 to 100,000 again, and the shorts attacked again. With the emergence of a large number of liquidated accounts, some investors began to shake their confidence in the bull market, but the dealer did not stop. During the day, it rose to 103,000 through fluctuations, creating the illusion of a rebound, and then decisively smashed the market to 95,000 at night, completing the third harvest.

The third round of changes: After three consecutive days of inertial trend, most people have expected that it will fluctuate and rise during the day and fall again at night. However, the dealer broke this "routine". Yesterday afternoon, Bitcoin fell directly from 97,000 to 92,000, subverting market expectations, causing more investors to blow up their positions, and the harvesting efforts were further strengthened.

After yesterday's shock, Bitcoin has now rebounded to 98,000, seemingly entering a rhythm of continued rise. However, for dealers, inertial thinking is an important tool to continue harvesting. Therefore, today there is a high probability that the double-needle bottoming pattern will be tried, and through violent fluctuations in the short term, further investors will be lured into the market, and then unexpected market conditions will be created again.

Summary

The recent trend of Bitcoin shows the strategy of the big dealer to harvest by repeatedly adjusting the rhythm: by creating a signal of a short-term rebound, and then smashing the market at different time points, investors are frequently frustrated in uncertainty. This also reminds investors that in the face of a complex market structure, they need to act more cautiously and avoid blindly chasing ups and downs. Good risk management is the key to dealing with the game of bankers.

By the way, I recently discovered that Musk’s little puppy 𝐩𝐮𝐩𝐩𝐢𝐞𝐬 has great potential. If you are interested, you can ambush it. The last number of the Ethereum chain is 6eb2.#加密市场反弹 #比特币市场波动观察