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[Analysis] What will happen to the "slow rise and sharp fall" in the cryptocurrency circle?
It usually occurs in the rebound or trend reversal rising stage, which is a typical bull market wash-out technique.
A coin has finally risen for a few days, and suddenly fell sharply in one day. The rise of a few days is not enough to fall in one day. In this way, most novices and those with poor tolerance will obediently hand over their chips;
After the decline stops and stabilizes, it will start to rise slowly. Generally, the stock price will hit a new high. When it reaches a certain height and there are many follow-up orders, the main funds will repeat the old trick again and kill the car on the way up. Generally, this kind of decline is characterized by fast speed and short time.
Sometimes in just a few days, the market will fall by 5%-10%, and sometimes it will be 15%-20% for a long time; but generally it will be adjusted to the maximum limit with important support lines.
Finally: Do you have anything to say to Powell?
It usually occurs in the rebound or trend reversal rising stage, which is a typical bull market wash-out technique.
A coin has finally risen for a few days, and suddenly fell sharply in one day. The rise of a few days is not enough to fall in one day. In this way, most novices and those with poor tolerance will obediently hand over their chips;
After the decline stops and stabilizes, it will start to rise slowly. Generally, the stock price will hit a new high. When it reaches a certain height and there are many follow-up orders, the main funds will repeat the old trick again and kill the car on the way up. Generally, this kind of decline is characterized by fast speed and short time.
Sometimes in just a few days, the market will fall by 5%-10%, and sometimes it will be 15%-20% for a long time; but generally it will be adjusted to the maximum limit with important support lines.
Finally: Do you have anything to say to Powell?
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