At present, we are in the background of a bull market. The main force has been fluctuating for 6 months. The purpose is very clear. It is to make people who cannot understand the trend think that there is no bull market and that there will be a big drop, so that retail investors dare not hold coins and hand over chips.
Some people think that the high and low points are decreasing, so they think that now is a downward trend and it will fall.
At present, it is only a local market. You have to look at the overall baby. The overall price of the big cake has risen from 15487 US dollars to 73000, and it has only adjusted back to 50000-60000
The local range of 73000-50000 is oscillating back and forth. This is called "slightly downward sloping parallel channel". The purpose is to make you feel that the high and low points are decreasing, so you think it will fall.
Recently, can you still hear people outside saying that there will be a big rise next? I can't hear it, because we have fallen into such a market, and the market is very negative.
Look, there was a rebound recently, and then a little correction. The market is shouting a big drop, thinking that the rebound is over again, and that the rebound is for a big drop.
They have all fallen into the trap set by the main force and have formed inertial thinking, believing that the rebound is very weak and there will be a sharp drop after the rebound.