The market is proceeding as expected, and for the next half month, the market will mostly be bullish.
Every weekend, I take my child out for hiking, so the posts and live streams on weekends will be a bit late. I hope everyone understands. Now, let's talk about the market. I mentioned in my post yesterday that around 80000 will become the starting point for the market to rise, and as a result, we saw a strong rebound of 6000 points over the weekend, which is really impressive and completely aligns with my expectations. Why such a strong rise? Because the trading volume around 80000 is the largest since the bottom at 74000, and such a large trading volume indicates strong bullish intervention. This proves that there is a significant amount of capital entering the market to buy the dip, and it must be from the main force. Why? Because during a major decline, retail investors are not really buying; they are selling. Retail investors, seeing a significant drop, become very fearful and do not dare to buy the dip. Instead, they will sell their holdings at a low price, leading to what we call panic selling. So, while retail investors are selling their holdings, who is buying? Clearly, it’s not the retail investors; it’s the institutional funds. Since the institutional investors have entered the market in large quantities, what is there to be afraid of?
Therefore, the recent market is mostly bullish. There’s a saying in the crypto world: how long it rises is how long it will fall, and how long it falls is how long it will rise. The rise and fall are balanced. It has been falling for more than a month recently; we’re not saying it will rise continuously for over a month, but a normal rise of one or two weeks shouldn't be a problem, right? The rise I’m referring to is in the big direction, not a rise without any correction. So where exactly will it rise to? Let's first look at the recent break of 88000, and after the subsequent correction, see if there’s a possibility to challenge the significant pressure at 98000. I want to remind everyone again that a bullish outlook in the big direction does not mean there won’t be any corrections, and it’s even possible to have a double bottom formation, so please don’t misunderstand my meaning.
Every weekend, I take my child out for hiking, so the posts and live streams on weekends will be a bit late. I hope everyone understands. Now, let's talk about the market. I mentioned in my post yesterday that around 80000 will become the starting point for the market to rise, and as a result, we saw a strong rebound of 6000 points over the weekend, which is really impressive and completely aligns with my expectations. Why such a strong rise? Because the trading volume around 80000 is the largest since the bottom at 74000, and such a large trading volume indicates strong bullish intervention. This proves that there is a significant amount of capital entering the market to buy the dip, and it must be from the main force. Why? Because during a major decline, retail investors are not really buying; they are selling. Retail investors, seeing a significant drop, become very fearful and do not dare to buy the dip. Instead, they will sell their holdings at a low price, leading to what we call panic selling. So, while retail investors are selling their holdings, who is buying? Clearly, it’s not the retail investors; it’s the institutional funds. Since the institutional investors have entered the market in large quantities, what is there to be afraid of?
Therefore, the recent market is mostly bullish. There’s a saying in the crypto world: how long it rises is how long it will fall, and how long it falls is how long it will rise. The rise and fall are balanced. It has been falling for more than a month recently; we’re not saying it will rise continuously for over a month, but a normal rise of one or two weeks shouldn't be a problem, right? The rise I’m referring to is in the big direction, not a rise without any correction. So where exactly will it rise to? Let's first look at the recent break of 88000, and after the subsequent correction, see if there’s a possibility to challenge the significant pressure at 98000. I want to remind everyone again that a bullish outlook in the big direction does not mean there won’t be any corrections, and it’s even possible to have a double bottom formation, so please don’t misunderstand my meaning.
