#比特币市场波动观察 Cryptocurrency "Slow Rise, Sudden Drop", how will it typically proceed?

It generally appears during a rebound or trend reversal phase, typically a bull market washout tactic.

After a cryptocurrency has managed to rise for a few days, suddenly there comes a day of sharp decline, where the gains of several days are wiped out in just one day. This causes most newcomers and those with low tolerance to obediently hand over their holdings;

After the decline stabilizes, it will slowly begin to rise again. Generally, the stock price will reach new highs, and when it reaches a certain level and there are many followers in the market, the main funds will repeat the same trick, leading to another sharp drop during the upward trend. Typically, this kind of decline is marked by its speed and short duration.

Sometimes, in just a few days, the market can drop by 5%-10%; other times, the duration may lead to declines of 15%-20% or more; but generally, it will adjust to a significant support line to the maximum extent.