From the weekly chart, BTC has completed five waves. After the five waves, there will inevitably be a deep correction. As for how much it will reach, it is uncertain.
From a historical perspective, Bitcoin has been rising from 16,000 to 73,000, while many altcoins are falling in the opposite direction. It is outrageous, right?
Is this considered a feint by the main force? It deliberately creates momentum to pull Bitcoin to form a fome, but secretly sells the local dog in its hands, deliberately washing out the players who buy the altcoins in the bear market.
Why does the main force do this?
I think it should be because the bear market has been too long, and everyone has cheap chips. If the main force starts to pull the market, even if funds can flow in from the outside, it will put the funds into a powerless deadlock.
Another reason is that the funds are obviously insufficient in liquidity. Even if there is support from ETF funds in the United States and Hong Kong, the current highest price has only risen by about 4,000 points from the previous high of 69,000. Isn't it worthy of suspicion?
In addition to the capital side of the trading market, we actually have to consider an important factor, that is, emotions.
The previous rise has created a bullish sentiment. Everyone is bullish. In order to cater to the market sentiment, the main force will definitely continue to go bullish, because the pressure of rising is small, and the direction will go to the side with less pressure. However, it is undeniable that the main force has also started to sell at this time, just like Grayscale, which sells directly and openly. BlackRock originally had no position, why did it take over at a high position, and it also created a situation where both sides were ready to fight?
Alas, it is impossible for us to know the secrets of the main force. Can I predict that Grayscale and BlackRock have reached a private cooperation and set up a game together?
Otherwise, the BlackRock consortium has no position, why would it be so stupid to take over at a high position!
No one can tell the truth. We are not insiders, and can only rely on news and trends to predict the main force's thoughts. I will definitely continue to be bullish on the future market, but pay attention to the current callback effect.
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