The bull market is back, why do so many people still not believe it?
Because they are afraid of being cheated. It's just like the story of the boy who cried wolf.
The bull market in 2021 was when it rose to $69,000.
The market sentiment was high, and all kinds of people who were looking at 100,000 and 100,000 came out. As a result, it fell back to 15,000, which killed many people?
In March this year, when it rose to 73,000, the bull market started again, and a lot of people were looking at 100,000. As a result, it fell back to 49,000, trapping a large number of people.
Until the past few days, on the day of the US election, it directly rushed to 75,000. This time, most people no longer believed in the bull market. Trump's coming to power and the Fed's interest rate cuts were all useless. In other words, they didn't believe in anything, and even thought they could catch a short-selling opportunity with a deep correction. As a result, the bull was like a thief, and he really came.
So in the current market, is the bull really coming, or is it a deeper scam? This depends on the overall bets of traders around the world.
Who would have thought that a mediocre weekend would quietly pull up to 80,000? This is because most traders know that there is no market on weekends, but it just pulled up quietly. This is one of the principles of buying when no one cares and selling when there are many people.
So, does the current market sentiment count as a time when there are many people?