The bull market is over? The truth behind Bitcoin's high sideways trading!
Some people say that the bull market has ended, but Bitcoin has been trading sideways at a high level for two months. Is this charity? Obviously not! There must be a main force behind it, and they can't waste time and energy in vain.
If the bull market is really over, why is this thankless high sideways trading? Are the main forces fools? Obviously not. In fact, high sideways trading is often for the purpose of distributing chips, but the current market sentiment is low and no one has the desire to buy, so it is difficult to arouse everyone's enthusiasm for buying. In this way, the distributed chips are not as many as those received, and the main forces have to eat these chips themselves, which is really not worth the loss.
Usually, the distribution of chips will be carried out in the sideways trading after a surge or plunge, because it is easier to arouse everyone's turnover effect at this time. However, some weak dealers tried to maintain the high price sideways trading, but in the end they could only end in failure.
Of course, we cannot rule out the impact of black swan events. But in the absence of a black swan, this time point is far from reaching the peak of the market. When encountering a black swan, the dealer often knows how to go with the flow better than retail investors. However, the probability of a black swan event is very low after all, so we don't have to worry too much.
In general, there must be reasons and logic behind Bitcoin's high sideways movement. As investors, we must remain calm and rational and not be confused by superficial phenomena.
Blindly working alone will never bring opportunities. Click on the avatar to follow me, and I will take you to explore the ten-fold potential coin! Top-level resources!
