🎯 Sometimes markets & Stocks & Tokens run with very mixed moods; this is called a distributed market. In this phase, stocks, indices, or BTC can repeatedly touch or make new highs and close near previous highs. The same happens on the downside, where it makes new lows or closes near new lows.
🎯 I've seen this situation in several markets worldwide. It's called a big shakeout, where people get confused about the real trend. The purpose of these conditions is to trick everyone into going both long and short. Another purpose is to make you lose your money in trading so you don't have funds for long-term investments when the biggest bull run starts. This bull phase can last for many years, like 10 to 15 years. For example, you might see Bitcoin prices at 2 million dollars, 3 million, and XRP at 600 dollars, and so on.
🎯 I'm just explaining the theory, not saying this will happen now or in the future. I'm teaching you about one of the market conditions, like others conditions uptrend market, downtrend, sideways, and volatile markets. Now it's up to you to see what you find in the charts. Good luck!