The manipulation is slow and dragging, with an extended consolidation time; as we approach a transition to an upward trend, there will be a large bullish candle, and the pullback will be a small bearish candle for harvesting back and forth. This is likely related to the concentration of large players, institutions, and significant retail investors in the current Bitcoin market… with strong buying pressure; is the pullback just a small bearish candle?
Many people do not understand why the bearish candle's pullback is weak? Many people have not experienced the previous pigs controlling the market more ruthlessly, where a single bearish candle directly breaks below the moving average support and drops by 80-90%. Even with 2x leverage, it can lead to liquidation.
Ethereum's pig-like market manipulation enjoys harvesting back and forth, with chaotic wave patterns! I suspect it is controlled by middle-aged women in menopause; currently, it is creating a false appearance of a double top on the weekly chart, resembling both a five and a seven. It feels like fog, like rain, and like wind……
Combined with the exchange rate, Ethereum still has a lot of upside potential. As long as the market rises, Ethereum can gain bullish momentum while it is consolidating. It may appear soft, but once Bitcoin forms a peak, the exchange rate hits the bottom, and the influx of speculative capital will result in unimaginable explosive strength!