In addition, the entire global financial market has been "bursting" recently. Retail investors are afraid of financial crises and believe that the market environment is not good and that there will be a big drop next.
Therefore, many people will not feel sorry for yesterday's rebound. On the contrary, many people who did not sell their stocks before are now selling their stocks. Now the market sentiment is "leave the market after the rebound".
Looking at the market again, whether it is Bitcoin or Ethereum, yesterday's rebound came near the pressure. From a technical point of view, this position may fluctuate.
Once the market fluctuates, those who are bearish will think that this position cannot go up, and those who leave the market will leave, and those who short will short.
But they don't know at all that yesterday's big positive line is just the beginning of a new round of rising market and a signal of the long army attack.
In the next short-term market, whether it is volatile or a small correction, it is just to lure shorts and make the retail investors' thinking of rebounding and falling deeply rooted, so that they can better rise and throw retail investors off the car.
August seems scary, but if you understand it, it is actually the best opportunity for retail investors.
