Will the funds in the currency circle be "blood sucked"?

1. From the perspective of overall market value, the current market value of A-shares is approximately 30 times that of the currency market. Even if all currency circle funds are transferred to A-shares, the impact on A-shares will be extremely limited, and it will be difficult to drive even a 10% increase. Those worries about funds being sucked away from the currency circle are actually emotional reactions caused by the recent poor performance of the currency market. In comparison, the currency market is relatively small and cannot have a significant impact on A-shares.

2. The bookmaker maintains the price of Bitcoin between 53,000 and 73,000, which has been fluctuating at a relatively high level for more than half a year. If the market truly cannot support its highs, prices are likely to fall quickly. However, Bitcoin has not fallen below the level of 50,000 or 40,000 within half a year, indicating that bookmakers do not intend to allow the market to experience a sustained and sharp correction, and it is difficult for retail investors to find opportunities to "buy the bottom".

3. Since mid-March, the market has entered a parallel downward channel, which is a typical bullish wedge shape. As time goes by, the probability of each rebound breaking through the box and heading towards a unilateral rise becomes greater and greater. The key now is to find which breakthrough can completely open up the upside.