Current Bitcoin price is 97567,
After dipping to 92232 yesterday afternoon, it rebounded,
Last night did not experience the expected sharp drop.
From the perspective of the market maker,
There were consecutive attacks in the early hours for three days:
The first drop from 108000 to 103000, retail investors suffered heavy losses;
Then, misleading information was released, and a second midnight crash from 105000 to 100000,
A large number of accounts were liquidated, causing investors to become suspicious;
During the day, it adjusted to 103000 pretending to rebound,
Then crashed again to 95000 in the early hours,
Three rounds of harvesting let retail investors figure out the pattern.
The market maker saw that there was still profit to be made, controlling the price to oscillate between 95000 - 97000,
Using inertia thinking, it sharply dropped to 92000 in the afternoon, harvesting another wave.
As of today, the daily line has turned from negative to positive, showing a V-shaped bottom rebound, with most people being bullish.
If the market maker wants to harvest again, today during the day could first slightly raise the price to attract following orders,
When the volume is sufficient, suddenly dive to create a “needle,” triggering panic selling;
After stabilizing at a low level, it will rise again to attract bottom fishers,
Then suddenly drop to create the second “needle,”
Crushing the bulls, leading to liquidation of those adding positions.
It should be noted that Bitcoin is highly speculative and risky; ordinary investors should stay away.