In the cryptocurrency market, it is often a case of 'slow rise, sudden fall.' This situation mostly occurs during a rebound or in the middle of an uptrend. To put it simply, this is an old trick of washing out in a bull market.
When a coin finally rises for a few days, suddenly there's a big drop, and the gains of several days can be wiped out in one day. As a result, newbies and those who can't handle it are scared into giving up their chips.
Once the price drops to a certain level and stabilizes, it starts to rise slowly again. When the stock price corrects to a new high, and rises to a certain height, more people follow the trend, and the main capital employs this tactic again, suddenly braking during the upward journey. This kind of drop is fast and short-lived, with the market able to fall 5%-10% within a few days; sometimes it can drop 15%-20%. But don't worry, it will stabilize near important support lines.
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