#比特币关键区间
You must understand the mindset of market makers to grasp what's happening with this decline!
Market makers know there are two types of traders in the market, and possibly more.
One type is those who bought BTC for $69,000 two years ago and have held onto it until now.
The other type is the trend followers, who jump in when they see the market skyrocketing.
Market makers need to take advantage of these two types of people,
How to utilize them?
By creating declines to disrupt the market.
Why?
To induce panic selling from both types of traders, or else their profits will evaporate. When market makers pull the market back up, BTC will appear even more valuable, and these two types will have to buy back at a high price. This way, when the next significant drop occurs, they will be stuck for two to three years (one cycle).
It's like a game of musical chairs, but market makers know when the music stops.
How can we determine that?
By looking at two indicators.
First, the market can’t return to the starting point, “just like before the big surge on November 5,” when BTC was only $67,481, so BTC will never reach that price again.
Second, observe the correlation between BTC and other altcoins. You will find that BTC is dropping even more sharply than altcoins.
BTC dropped 7.99% from its peak within five days, while most altcoins fell by 15-20%. This indicates that the decline will continue, but the drop will narrow. Once the gap shrinks to a certain extent, we will see BTC rebound to the $100,000-$110,000 range.
The test of a bull market is not just about the rise and fall of prices, but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the potential coin for the next tenfold increase! It’s better to seize the opportunity than to guess! Like + comment for a free share.
