Realistically increasing, with a rise in volume, once again reaching the strong pressure at 108,000. Is this a high pull to lure more buyers? Or is it a breakout?

Bitcoin $BTC has gone through a wave of high pulls, while Ethereum and other valuable coins have not moved, but instead have declined. This is unusual behavior! From the overall market perspective, this wave of hourly increases in Bitcoin is just a trick to confuse retail investors and draw them out! Hahaha 😁

First, looking at the volume-price combination, the current high pull does not have the conditions for the supply side to push up. The previous sticker also mentioned that there were 533 million dollars in shorts cleared in the 107,000 range. This time, the rise in the 108,000 range directly cleared the longs. Moving forward, the fuel for further increases in the longs is insufficient; if the longs stand up again, the capital operators will lose money.

Second, the current situation does not allow for a direct new high here. This position is still in the downward channel of the daily level increase, with the upper limit being a downward trend. Observing the oscillation in the downward channel, a rapid rebound will continue to look for pressure, and further declines are expected.

Third, from a human perspective, during this wave of upward movement, there are not many who are long; those who are short and bearish have all been trapped. Those who are trapped and unwilling to cut losses, and those who are not stopping losses have already become numb. At this time, with the high pull, those who have already liquidated and exited have been forced out. The stubborn bears who refuse to back down have changed their stance and are now skeptical of the market. At this moment, it is the stage of changing confidence, and many are thinking of chasing the rise. Often, when the market sentiment is bullish, it is better to be bearish!

Hahaha, just these three points, the July trend continues to fluctuate downwards, end #鲍威尔半年度货币政策证词 #美国国债