$ETH Why do I still insist that the bull market is ongoing?

One reason is ➠ there is no good person in this world who will distribute stocks to everyone during high-level sideways consolidation; the longer the high-level sideways consolidation lasts, the greater the cost for the main force. The chips are not distributed during high-level sideways consolidation because it simply does not stimulate the group’s purchasing desire. Instead, as time goes by, the group’s chips increase more and more; how to distribute?

Distribution usually happens during a surge or after a sharp drop. During a surge, there will be many chasing the rise, and then after a sharp drop, this part of the chips gets locked. Many who chased the rise will be confused and unable to cut their losses immediately. After a sharp drop, many people will look at the previous highs; this is also a stage for the main force to offload. Why is the top usually very steep? Coming down is mainly a symmetrical Christmas tree? The front serves as support, while the back is the bait for unloading.

Since it’s the market, there will naturally be exceptions, but exceptions are very rare and often occur when you don’t know just how powerful a certain player is or what unexpected thoughts they have (for example, wanting to do something big but being unable to), or when the market encounters a black swan.

For instance, there was once a certain counterfeit player that consolidated at a high level, and in the end, the player went bankrupt...

Moreover, usually in the case of encountering black swans, the players are more likely to follow the trend than retail investors.