A few days ago, when $PEOPLE hit the bottom, it was the best buying opportunity, but the market chose to continue selling. The trouble with this kind of selling is that it weakens the confidence of the staged market. Once confidence collapses, it will take several months of re-accumulation to form a unilateral market again.

This is the most difficult cycle. Not only is the capital concentrated in a few currencies, but it also creates the illusion of a bull market, and then collectively harvests, and there are almost no winners in the secondary market.

Of course, confidence is built through rising. If $BTC can consolidate around 52K for a week or two and then attack, it is not impossible. #币安7周年 #BTC下跌分析