Currently, Bitcoin is operating in the middle band of the hourly Bollinger Bands, still oscillating at a high position.
The objectives of the market makers are twofold:
1: High position oscillation combined with giving altcoins time to pump.
2: Trapping some latecomers who buy in at high positions.
3: Using the oscillation period to wash both longs and shorts (for those who can't resist opening positions).
4: Waiting for news to emerge.
5: Recently trapping a bunch of shorts below 90,000, not easily going down.
In this context, if tonight (Friday) does not see a 4-hour decline (to the 382 position), then the weekend will almost certainly still be altcoin season.
Any correction will have to wait until next week, and it will still oscillate for a while. Many people have already noticed that animal MEMEs are all flying.
The oscillation of Bitcoin and the rotation of sectors is also a sign of a small bull market.
