The market is in chaos, specifically:
1. The strong targets in the early stage are now weak, such as TON, KAS and ENS
The main players are all smart money. If BTC is really capable of reaching new highs and making a big reversal, then why don’t these targets reach new highs? Especially TON, with such a hot ecosystem and such active transactions, if it can reach new highs and distribute shipments at a higher position, the main players will make more profits, so why don’t they reach new highs? I don’t have a reasonable answer here.
2. Targets that may have fund accumulation phenomenon.
The 3-day line shows a shake-out behavior, but the rebound is not strong. A large amount of supply will begin to appear when it returns to the vertical supply starting point (the cause of the causal principle is not enough), such as Inscriptions, FIL, and TIA. If it is a stage of accumulation of funds and a shake-out of accumulation of funds, then it should directly reverse in a V-shape and raise the bottom, and it will never be able to return to the bottom of the shake-out. However, the price is now blocked, and it obviously does not want to go back to help the leeks above to get out of the predicament.
3. Pure oversold rebound, bottom explosion, the main force took a wave of chips, DYM, AEVO, this is an oversold rebound. If BTC can reach 100,000 in three months, then why do these targets directly reverse? The start after the accumulation of funds is to pull up in small steps, and it will explode after reaching a certain space.
What do you think about the market in the future? Will the market continue to fall?
