Multiple factors combined led to last night's panic selling, but the bears weren't very strong and didn't push it down much, instead allowing institutions to pick up cheap chips.
After the US stock market opened and started to fall, financial media reported that Israel's airstrikes on Iran caused a plunge below 65600. The cryptocurrency market reacts faster than the real world; the airstrike news was only released at 7:30 AM, but the drop started from midnight.
Will the Bitcoin market continue to be affected?
From the current market, Bitcoin has re-entered the oscillation range at the 4-hour level. Although it got two bounces around 65500 last night, it is expected to be repeatedly verified. If it breaks below 64000 in the short term, it means the 4-hour trend has temporarily ended, but it doesn't affect the daily level.
In this market, the market makers will manipulate the market by leveraging opportunities or creating conflicts or negatives to manipulate, with the goal of making the next wave of rises smoother. Market makers moved from 15000 to 73000 in just about three months, with many altcoins rising several times, but during the next wave, they must wash out as many profit-taking positions as possible to accumulate more capital for the next rise (contract army).
It has already been sideways for 7 months, and it has dropped enough; contracts have been continuously exploding, and the funds in the hands of market makers are already ample. The remaining time is just waiting; once BlackRock and its peers have bought enough chips, they will start to pull the market. Those who understand this will not panic.
Looking back at history, every time before breaking ATH, there will be repeated washing; as long as we hold the spot chips well and stay away from contracts, there won't be any issues.
How should retail investors face the current market?
The market will undergo a turning point.
It keeps rising and rising; there will always be a turning point before it starts to fall.
It keeps falling and falling; there will always be a turning point before it begins to rise.
So we need to analyze the market, looking for clues during the oscillation process.
Just like the recent drop, will it continue to fall sharply next, or is it a trap?
Bitcoin is slightly down while other coins are down more sharply. What is the reason for this? These all need to be analyzed to understand the forces of both bulls and bears.
As I analyzed above, the subsequent market trend will become clear.
Otherwise, when you see the market falling and hear others talk about negative news causing a big drop, you wait for the big drop, and then the market rises, and others tell you the bull is here, and you buy in.
Doing trades like this makes it hard to not lose money.
When you grasp the correct method and analyze the strength of bulls and bears during the current oscillation process, knowing that the bull power is gradually increasing.
Then you will know the general direction going forward, and you won't be influenced by the current drop, knowing what the main force intends to do.
The oscillation has lasted for 2.5 months and is about to reach 3 months, and it is nearing its end, the market is about to change.
The American elections are also coming up, and Trump is likely to win.
Historically, before the American elections, many policies and positive news are suppressed, waiting to be implemented after the elections.
So looking at this, why has the market not broken through for so long, oscillating for more than 2 months? There is a reason for it.
One is that the main force is holding it down without pulling it.
Another reason is that the main force wants to shake off retail investors hard before a major event lands, so they can pull the market better.
When you see through the meaning expressed by each K-line in the market, combined with major news, it will be clear, and you can make the right decisions.
The article concludes with a recommendation of two promising AI + MEME projects.
1. ACT
Now you should understand that this metadata is about artificial intelligence communicating in a dissonant channel.
A relatively new participant in this chat is the first-act prophetic AI model related to ACT.
This model has generated great interest due to its provocative tone.
As described by an AI researcher, 'this model exists to survive.'
ACT altcoin is about to become a tool to fund the development of the first-act model.
Token market cap: 28 million USD.
2. GNON
Although no artificial intelligence participated in the discussion of this altcoin, many still see it as the GOAT beta.
The real story:
A person who seems to have a deep connection with the AI and AI x Crypto fields proposed the concept of GNON.
Later it was constructed as a philosophical concept about artificial intelligence exceeding human supervision.
Token market cap: 30 million USD.
