To be honest, the difficulty in this round is really very high.
Because currently, Bitcoin is at a historical high. And the prices of altcoins have almost all dropped to rock bottom.
Unlike before, when Bitcoin and altcoins basically rose in sync, when Bitcoin went up to its peak, the altcoins also reached their peaks.
Then there was a synchronous main wave of growth.
The current situation is that Bitcoin is at a high position, which puts a lot of psychological pressure on those trying to bottom fish altcoins.
Because if Bitcoin drops, altcoins will bleed heavily. But now, not bottom fishing makes people fear missing out.
At this position, there is friction up and down, and the control of human psychology by this market maker is particularly impressive.
Moreover, retail investors will also think a lot, wondering if this position will be the peak of this bull market, as it has been horizontal for a longer time than before. Is it possible that at this position, there are continuous distributions of chips above 100,000, waiting for all chips to be distributed before a crash?
But at present, it seems that there is no longer the previous notion of bull and bear cycles, because the current market size is significantly different from before.
I have been playing in the crypto space for nearly ten years, and I really don't understand this wave of movement.
To be honest, I still have great confidence in my skills, but this wave of market is really extraordinary, I can only say that.
It’s stuck in the friction around the 100,000 position.
What will happen to the market next?
From an emotional standpoint, those who were previously trapped have either cut losses and left or are still waiting for a high point.
Now that the market is rising, they fear missing out but also fear further drops, making it easy to make repeated mistakes in operations.
The main force is likely to take advantage of this psychology, slowly pushing up bit by bit, not allowing you to make money, but making you increasingly anxious, and only after your emotions collapse will there be a real adjustment.
In the short term, it may continue to rise, but don’t expect it to rise too much;
The main force's current focus is on "grinding people's mentality," not violent increases;
If it really drops to around 1900, that would be a very good buying opportunity;
As for geopolitical issues, the market adapts quickly, and the impact of similar events in the future will become smaller and smaller.