The big cake has been sideways here for more than half a year. The core logic is that it is too expensive. The main funds will feel expensive when they pull the market now, and retail investors will feel expensive when they buy. Maybe it is because the timing is not right, or maybe it is because of some other reasons, but the core logic is that it is too expensive, the car is heavy, and it has not been cleared!

Without a sharp drop, there will be no huge turnover. Without huge turnover, the main funds will not have enough chips. If the main funds do not have enough chips, it will cost money to pull the market, and it will not be able to get out of the bottom shock, and there will be no bottom structure.

What is 519? It is the innate volume smashing the market, trampling on each other, and the torture of emotions caused by the bottom wash for two months. At that time, many people, including me, felt that the bull market was over.

Look at it now? We are not consistent. We have been in disagreement with the market. Emotions are not consistent, funds are not consistent, and the two major things are not consistent.

Slowly stabbing with a knife can certainly wash away floating chips, but now that Bitcoin has been accepted by many institutions and listed as an asset allocation list, perhaps Bitcoin has gradually become a battlefield for institutional gaming, which is why it has shown such a trend in the past six months.

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