Why did many people wait for BTC to be tested again, but BTC continued to rise?

The decline on August 5 was actually the result of a one-time calculation of various negative factors such as the Japanese stock market circuit breaker + US recession expectations + Jump thunderbolt, which caused BTC to fall below 50,000 at one time, and then fell back to 50,000 again after the US stock market opened, until the release of manufacturing data eased the market's concerns about the economic recession.

The closing price of the US stock market on August 6 did not fall sharply. In the morning, the Japanese stock market circuit breaker upward, and the world was saved when I woke up. It was found that the crisis did not break out, and it was far less pessimistic than everyone expected.

The Federal Reserve and the Bank of Japan are very smart. The most important thing in the financial market is confidence. When confidence is restored, risky assets will no longer be sold crazily, and the cycle will not be triggered. But the actual risk has not been eliminated, but enough space and time have been left to solve it, at least it will not develop into a big thunderbolt at present.

Yesterday, I posted the market we went through after Silicon Valley Bank. Last time, BTC took 4 days to rise to the previous high. This time, it is also recovering the lost ground quickly, and will soon reach the strong pressure level of 58,000-60,000.

At present, the time is 4 days, and the price is 60,000. When the time and price are reached, it is not recommended to increase the position, and wait and see.

From 50,000 to 60,000 is a 20% increase, and it may take a similar path. It is likely to verify the retracement when it reaches the strong pressure level.