Is the market drop in place??? Last drop???
The overall trend is very clear; no matter how much it drops, it will still go bullish. The weekly chart has clearly formed a double top, and the daily chart is currently close to the bottom.
1. Currently, there are four types of people in the market: 1. The bulls still continue to see a bullish trend, 2. The bears are now strongly bearish here, 3. Many see the end of the bull market, 4. Many are afraid the bull market will end.
2. How to make all four lose money is the path the main force wants to take the most.
1. The bulls continue to be bullish but will not chase the market, adhering to the principle that a drop is just an opportunity to hand over chips. (Almost fully invested) The bulls' stronghold is at 85000, so when the bulls reach 85000, they will strongly buy, so either it does not reach 85000 and quickly rebounds, or it quickly breaks below 85000, wiping out the bulls, then rebounds, and continues to observe.
2. The bears are strongly bearish, but as long as the previous high is broken, the bears will immediately stop loss, so the bears here are not firm; if it rises, they will turn into bulls. (At most one-third position) So even if there is a pullback here, it is unlikely to be a high point; the bears are afraid and dare not short, turning into bulls and then dropping, because the main force wants a counterpart that can be liquidated. The main force can control the short to medium-term trend but cannot control the long-term trend, or say that a long-term bull market is a win-win.
3. Those who see the end of the bull market do not dare to short with a large position here and will only chase shorts as it goes down. To make this group lose money, there should be a rapid drop to make them unable to resist chasing shorts; when this group is firmly bearish, it is basically the time of a fake bull market. (Almost empty position)
4. Those who are afraid the bull market will end will chase longs when it rises and chase shorts when it drops, so here there will be ups and downs, making them lose at least twice. (Large position fake) The fake market will definitely still have a bull; how to make them miss the big bullish trend is best, as they can't help but sell their chips when it rises, waiting for a bear market to catch the dip.
Let's take a look at this wave of market in January, rebounding to 102800, successfully stopping the bears from losing, dropping to a low of 91500, successfully liquidating the bulls. Those who believe the bull market has ended are now even more convinced that the bull market has ended, basically observing with empty positions. Those who are afraid the bull market will end had a fake drop in December, and after the January fake rebound, it dropped again, washing out the spot traders to the point that they are basically disheartened. Currently, all four types of people in the market are essentially losing; it’s just a matter of how much they lose. The main force's purpose of washing the market has basically been achieved ✅.
I judge that this is not the bottom, but it is not far from the bottom.