Recently, I suddenly realized that it seems like too many people around me want to enter the market around 50,000, including myself!
It was a moment of spine-chilling realization.
When the collective shouts to bottom out at 40-50,000, it forms a strong consensus expectation, essentially replicating the consensus trap of the 180,000 peak.
A unanimous bottom will prematurely exhaust buying power, turning this range into a meat grinder for the main force to entice and shake out.
The real bottom is never noisy; it only appears when the entire network is bearish, and no one dares to bottom fish.
40-50,000 is merely an emotional bottom, not a fundamental or structural bottom. The real bottom is either below 40,000 or simply at 60,000. Sigh, a strong consensus is a deadly temptation…
It was a moment of spine-chilling realization.
When the collective shouts to bottom out at 40-50,000, it forms a strong consensus expectation, essentially replicating the consensus trap of the 180,000 peak.
A unanimous bottom will prematurely exhaust buying power, turning this range into a meat grinder for the main force to entice and shake out.
The real bottom is never noisy; it only appears when the entire network is bearish, and no one dares to bottom fish.
40-50,000 is merely an emotional bottom, not a fundamental or structural bottom. The real bottom is either below 40,000 or simply at 60,000. Sigh, a strong consensus is a deadly temptation…