In the cryptocurrency market, "slow rises and sharp falls", what usually happens next?
This generally occurs during a rebound or an upward trend reversal phase, typical of bull market washout tactics.
When a coin finally rises for a few days, it suddenly experiences a big drop in one day, making the gains of several days insufficient to cover the loss of a single day. This causes most newcomers and those with low tolerance to obediently surrender their holdings;
After the price stabilizes, the slow rising phase begins again. Typically, the price will reach new highs, and when it reaches a certain level with many followers entering the market, the main capital will repeat the same trick and initiate another sharp sell-off during the rise. This type of decline is characterized by its speed and short duration.
Sometimes, in just a few days, the market can drop by 5%-10%, and at times, it can go as deep as 15%-20% over a longer period; but generally, adjustments will occur at important support lines to the maximum extent.
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