Bitcoin struggles to rise, having reached significant resistance, but Bitcoin and Ethereum have been controlled by the whales for an entire day, even creating a false breakout with a rebound.
This kind of market should be called a "delayed decline, or rise," which is a tactic of market manipulation, widely used by the whales at critical moments.
The so-called delayed market means that when it should decline, the whales will control the market to sideways trade for several hours, even creating false breakouts, giving the market a false impression, and then once the breakout occurs, it starts to decline, often accompanied by news. This tactic was used during the 519 incident.
The reason for doing such things is that the whales want everyone to FOMO into buying spot, and not dare to short, so they can gamble against retail investors to harvest them.
Trump is really impressive, holding power in one hand and capital behind him in the other; the cryptocurrency market and the stock market have all become his backyard.
For now, this news is not too alarming, after all, Trump's words are not firm, he just said it as a suggestion, and we are not clear about what this suggestion really means. But with his unpredictable nature, if he can reconcile with this sworn enemy, China, there is even more possibility of reconciliation with the EU.
In the short term, Ethereum is likely to hold at 2500, and this round of washing out could become an opportunity to break through 2800. After all, just a potential news event is not enough to directly reverse the market; a complete reversal into a bear market may require a more reasonable justification.
Therefore, selling previously and now looking for opportunities to buy a small amount is appropriate. There is a high probability that Ethereum will have a second test opportunity, and if so, there might be a false inducement to short, with a position around 2450.