● Check the progress of the main actions mentioned earlier: #btc
1. Since the article on the 18th mentioned that the 20th and 21st would become historical peaks, and on the 23rd it was mentioned that reaching a new high of 99420 would completely conclude it. Subsequently, on the 22nd, it was seen as a historical peak, and the price of 99588 on the 23rd completely marked the end of the peak.
2. From the article on the 25th at 15:00, it was mentioned that many short sellers began to appear after 16:00. Subsequently, the price started to plunge from after 16:00.
3. In the previous article, it was mentioned that short sellers would come again in the morning, but they might not take action. However, because the short sellers were present, they didn’t take action but pressured the price, preventing it from bouncing, leading to a consolidation.
● Future (subsequently):
1. In the future, although there is nothing much happening amid the consolidation. However, consolidation should not be mistaken for inactivity just because the price has not changed much. Consolidation is a tactical strategy.
2. Therefore, this consolidation is a form of sideways movement, and we should see if this might lead to a downward consolidation. Although I specifically talk about short sellers, this kind of consolidation cannot be attributed solely to them; rather, it is a strategy they use to attract more and more small short sellers to shift to bearish positions.
3. As for this consolidation, it will… Due to the temporary halt in publishing the latter half of the article regarding counterfeit groups, Binance Square will prioritize posting. Please check the posting time, and if you need the latter half, please search for my name and subscribe.
