Mentougou incident: the deep logic behind the invisible positive
First, we need to understand the core logic of the Mentougou incident: compensation, not selling. This means that many creditors will not necessarily choose to sell immediately after obtaining BTC. If the price of BTC rises at this time, the coins in the hands of creditors will be more valuable, and their confidence in holding will also increase. This is exactly the core logic of my bullish view.
Secondly, after the Dezheng incident, market sentiment was extremely panic and fragile. With just a little stimulation, a large number of cheap chips will flow into the market. However, this instead constitutes a strong positive logic: it gives more institutions the opportunity to collect cheap chips, thereby facing less selling pressure when pulling the market, and a high probability of forming the absolute bottom of a new round of market conditions.
In general, the cycles in which most news surfaces appear in the market are meaningful. When we analyze a news surface, we cannot only look at its surface factors, but should think more deeply about its main impact on the market.
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Again, I don’t know what to do in a bull market. Click on my profile picture! Share fresh goods and honey with you🐎, and keep up with the comments 666!
