$AIN The previous pump was its final bout of madness! Get ready to short it all the way down!
The price surged above 0.21 in a short time, then immediately got dumped. This irrational move clearly shows Chinese traders were driving the action. The rally attracted a large number of retail investors chasing the price, and at the peak, the main players had already offloaded their holdings to retail investors. Although there was a rebound in between, the price was once again blocked around 0.055.
The rebound did not break through the previous high, which shows that the bulls ran into very strong selling pressure when they tried to push the price up. Overall trading volume has shrunk noticeably compared with the pump, showing that no steady stream of large buyers is coming in to absorb the supply. Without new money to support the price, a rebound driven only by retail investor sentiment cannot hold it up. It will probably soon resume its downward trend.$BTC $NVDAB #币安推出BinanceIntelligence #比特币跌破8.4万美元 #迪拜VARA发布储备资产审计规定
The price surged above 0.21 in a short time, then immediately got dumped. This irrational move clearly shows Chinese traders were driving the action. The rally attracted a large number of retail investors chasing the price, and at the peak, the main players had already offloaded their holdings to retail investors. Although there was a rebound in between, the price was once again blocked around 0.055.
The rebound did not break through the previous high, which shows that the bulls ran into very strong selling pressure when they tried to push the price up. Overall trading volume has shrunk noticeably compared with the pump, showing that no steady stream of large buyers is coming in to absorb the supply. Without new money to support the price, a rebound driven only by retail investor sentiment cannot hold it up. It will probably soon resume its downward trend.$BTC $NVDAB #币安推出BinanceIntelligence #比特币跌破8.4万美元 #迪拜VARA发布储备资产审计规定
