$BTC does not understand, the capital of the ETF has already started to flow out significantly, and this does not include the data from yesterday and today. Although Powell's speech from the Federal Reserve is relatively neutral, his expected stance is more hawkish, at least hinting that the probability of rate cuts in the short term is very low. Now, capital has begun to exit, the political environment is relatively negative, and let's not even talk about the technical aspects, which for more than a month have already shown a demand for a technical correction. However, it cannot fall, and now and then it rises with low volume. It can only be said that we, the small investors, really do not have trading volume; capital controls the transaction volume and raises it, creating a consensus in the market that lately it only goes up and does not go down. To be honest, even I am being affected by a kind of psychological illusion, that is, 'recently, no matter what, it just goes up and does not go down.' In the market, there are always those who say it is a trap to attract buyers or sellers; I do not know if this long-term trend of one-sided upward control with decreasing volume is a real trend or just a psychological illusion. If it is a psychological illusion, it can indeed be much more powerful than technical indicators. I am really being disturbed by this. But the strong resistance at 98 will not rise immediately, because what is at stake is an increase with reduced volume, without positive momentum that brings in large capitals to enter and absorb the sales at strong resistance; however, this consolidation of increase with reduced volume creates a psychological illusion that it cannot go down.
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