Sometimes, the dark clouds clear and you can see the future!
After Bitcoin breaks a new high, it will no longer trap anyone, but the main players need to wash away the floating chips that were scared out of their wits in the past, are now pessimistic, and are not firm about the subsequent bull market.
Because people who are optimistic about Bitcoin may not sell it when it reaches 100,000, but will wait for a price of 150,000 or even higher. This part of the chips will not affect the market situation.
Traders who are not optimistic and are now starting to be pessimistic, most of the chips in their hands are below 50,000 or around 70,000 to chase higher prices. The owners of these low-priced goods are the main resistance in the subsequent process of market makers pulling orders. Instead of When it reaches a high level and creates selling pressure on the market, it is better to let them sell now and let traders who are optimistic about the market outlook come in to eat. To put it simply, we need to complete the exchange of chips here, raise the average market price, consolidate the foundation of the currency price, and maintain the rise in the market outlook. Persistent.
