$ETH

Although the candlestick chart is very strong, I still feel that the sentiment in the market is quite gloomy, and everyone remains pessimistic about the overall situation. In the previous article, it was mentioned that this wave of rally is clearly a big rebound driven by the main force pushing up with money, rather than a natural increase due to sentiment and the overall environment being in place. At the current position, retail investors have a weak willingness to buy in. If the market ends at this position, then the main force will have to sell off the goods in the same way they bought them, and it is estimated that there won't be much profit to speak of.

In the past bull markets, there had to be funds from outside the circle entering the cryptocurrency market. This time, outside funds only bought Bitcoin and have not truly entered the pool of cryptocurrencies, so it is reasonable that the majority of coins are performing poorly at present. If the main force wants to create a big situation, they must pull out of the circle to allow those within the circle to profit from the large fluctuations, and then distribute the goods to outside funds together at the end; otherwise, it will only continue with PvP market conditions, with the remaining old retail investors and speculators fighting among themselves, and in the end, no one will make significant gains.

This round of old retail investors is either already close to losing everything or are too savvy, making it unlikely for them to take over. If they don't pull out of the circle, this wave of rebound can only be a false prosperity. If it is to rise, it must rise significantly.