After a long day of hard work, the position has returned to the starting point.
Is it necessary to pull up both long positions and short positions? Constantly giving signals to retail investors for long positions, only to have the big players come in to harvest.
In this battleground of bulls and bears, what remains is the blood and tears of retail investors. Retail investors are struggling in a market filled with corpses. In this downward breach, everyone is chasing short positions. The big players will definitely pump it up again. Today, I will just observe, watching the candlesticks rise and fall like agile dancers, while I remain as a spectator of historical bloodshed, hanging high, unaffected by the situation.
The Bitcoin has already breached the support level below, but for it to drop quickly, it will likely need a suitable "reason." Therefore, Black Friday is the best opportunity. Coupled with important speeches in the evening, the market is bound to experience turmoil. The bulls and bears will exhaust each other, leaving behind only the “corpses” of retail investors.
Ethereum has repeatedly touched the support level around 4200. Whether it’s institutional buying or the big players pushing the price up, it just won’t break the level.
Wu Yang believes that although Bitcoin has broken the lower level, if it continues to go down, it will take time; this is not something that can happen overnight. If it really drops significantly, the market will have no retail investors left to serve as nutrients.