After March 12, 2020, many altcoins showed a double bottom pattern. The reason why the main force did not pull up the market immediately after the first smash was to create the illusion that the market had not bottomed out, in order to undermine the confidence of retail investors. When retail investors thought that they were close to the bottom, the main force deliberately did not make any rebound, creating an atmosphere of "the market has not yet bottomed out", forcing retail investors to hesitate when they rebounded from the bottom for the second time, causing them to lose patience and eventually choose to cut their losses and leave the market. In this way, the main force can completely clean up the retail investors' chips in the market.
The purpose of this operation strategy is to pave the way for the subsequent main rising wave. After retail investors have completely lost confidence and their positions have been cleared, the main force will not hesitate to start a rebound, and the market can truly usher in a wave of rapid rise. For example, the K-line trend of altcoins like ORDI can well reflect this process-it is not to recommend that everyone buy ORDI, but to use it as a typical representative of market operations to illustrate how the main force can achieve a main rising wave without resistance by repeatedly undermining the confidence of retail investors.
Finally, I recommend a meme with great potential recently - Trump's dog 𝑪𝒐 𝒏 𝒂𝒏. The market outside has fallen sharply, but its market value can be stabilized at around 15 million. In addition, the project party is about to destroy nearly 20% of the tokens, so it is not advisable to open a position boldly. #PI该上线币安吗? #SOL走势分析 $SOL #阿根廷总统MEME币争议