Main Character $BTC Big Cake 🫓 Appeared Big Thunder Point ❤️ Heavy Post ❤️

BTC started to rally from April this year, only taking a month to return to the original point and breaking a new high in May. The capital is doing this intentionally, with a short-term resistance at 106,000. The weekly chart hasn't gone bad yet, but the daily chart shows a double top, so risk control is necessary.

Where are the thunder points? First: From last year's wave of rally at 110,000, it began to correct for over two months, dropping 30%. Reflecting on this correction, many people got harvested during this wave, saying they would withdraw their funds and stop playing. In the end, they couldn't withstand the pressure and exited below 80,000 due to liquidation.

Second: Big Cake rapidly rose to 110,000 this month breaking new highs, but many people didn't buy at 70,000 but instead chased high at 100,000. Retail investors don't have much professional knowledge; they only look at price movements and trade. Therefore, there are very few chips around 70,000 to 80,000; most are expensive chips from chasing highs, waiting for a breakout to 130,000 to 150,000.

Third: Do you know how many chips the capital players have? They built their positions at 70,000 to 80,000, and at 110,000 to 120,000 is where they will gradually push prices up to offload. Now that this position has broken new highs and is slow to rise, isn't it just cultivating bulls and facilitating turnover? If you keep waiting for a rally, you will be at risk of being trapped.

Fourth: If you can see this fourth point, you are patient and willing to learn; it will be hard for you not to make money. I have heavy news for you: this round of the bull market has not seen the introduction of our Dazhong Village policies yet. From what I understand, our Dazhong Village is already investigating the compliance of holding cryptocurrency assets in Shang, Zhe, and Guang. Once regulatory news appears, large positions will be offloaded (Singapore has established new rules for the crypto circle; you should interpret this as a significant piece of information for the global crypto industry). Compliance will only increase, and taxation and regulations will definitely be established. In the future, it won't just be a no-man's land anymore. The emergence of such information indicates that a bear market is coming.

Fifth: From a technical perspective, the current weekly level is exhibiting a rise, fall, rise pattern (rising from August last year to December, falling from January to April, rising from May to June). The current rise belongs to the phase of secondary offloading, and the volume of this rise is insufficient compared to last year's volume. This wave must break new highs to attract more people to chase. Chasing highs is done by retail investors, while offloading at high positions is done by big players.

The second half of this year is starting to become turbulent #加密圆桌讨论