CRYPTO MECHANIC
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Bitcoin bounced from 78,200 while many were waiting for 77k and 75k to buy.
Do you know why that happened? Why the market didn't drop $1,200 more?
It’s because the market never does what everyone expects. The majority will always be wrong, which is why most people lose money.
Now, the market is squeezing late shorts, liquidating them, and once it liquidates the majority of positions, people will start calling for a bullish move again. That’s when it will likely head back down.
This happens always, and the market will continue to do this forever.
When majority of the traders are expecting the same move. Be scared
Do you know why that happened? Why the market didn't drop $1,200 more?
It’s because the market never does what everyone expects. The majority will always be wrong, which is why most people lose money.
Now, the market is squeezing late shorts, liquidating them, and once it liquidates the majority of positions, people will start calling for a bullish move again. That’s when it will likely head back down.
This happens always, and the market will continue to do this forever.
When majority of the traders are expecting the same move. Be scared
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,363.77
-1.55%