1. Allocation of influence from market psychology
As you all know: "If the price wants to increase, there must be cash flow to push it, that means there must be new users or the decision of the small fish crowd" to push it forward and create the fomo stage. Currently, small fish are still standing outside because they are afraid of the resistance level of 71k-72k, so what is the reason for the efforts of medium and large fish to push in the past 2 weeks?
There may be an economic downturn and holding BTC is the best asset to store value
Could it also be to release money to balance the market? It sounds unreasonable, but usually large exchanges will not let you sell or buy more than 20 btc a day. That's why there is an otc market (releasing money will keep the price and sell better) and cyclically, when the otc market operates strongly again, it stimulates the market for YEN TAM fry to enter orders because at that time the structure Structure, trends, everything is very FOMO.
2. Time to hold investors' orders
As you all know, the majority of positions under 55k have been holding until now and are confident that they will BREAKOUT the resistance level of 71k and 72k. Combined with the above information, there is a high possibility that medium sized fish and sharks will gather more stock and wait for a reaction at resistance. However, the OTC market will decide this big game and the best way is to test supply and demand between buyers and sellers and how stable the discount percentage between these contracts will be (if the discount is lower than 4%. demand > supply, the possibility of increasing to 74-75k is very simple and if the discount is lower than 3%, BTC will surpass the 80k mark and reach 100k sooner or later). But the current case is still the 69k mark for traders and swing day traders, it is best to stay outside or reduce margin.
