The Truth Behind the Plunge of Altcoins: How Major Players Manipulate Psychological Warfare?
The altcoin market is currently experiencing severe turbulence, and what appears to be a sudden wave of sell-offs is actually in line with a carefully crafted script by major funds.
The market rhythm established before May had already laid the groundwork, and the sudden favorable news at the end of May became the perfect tool for the major players to 'lure in' investors—using policy tailwinds and project announcements to create a false bull market, attracting follow-up funds to enter the market.
Currently, the tug-of-war between bulls and bears is centered around two major psychological thresholds. If BTC effectively breaks the $100,000 mark, market confidence will take a hit. However, major players will precisely engage in a tug-of-war at this critical price level, repeatedly testing to wear down the resolve of holders. Conversely, if the price slowly climbs to the resistance zone around 109,500 points, it signals a short-term exit opportunity rather than a chance to chase prices; if it first dips to around 97,000 points to build a consolidation platform, it may instead brew a 'false breakthrough but true washout' trap for shorts.
The rebound trajectory of ETH is even more indicative: the key platform where 'support turns into resistance' has become a battleground for both bulls and bears. However, looking at it over a longer period, even if it pulls back to the 2,200-point range, it is merely a relay station for mid-term adjustments.
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