Bullish traders are walking on thin ice. Yesterday in the live channel, I saw that at the major level of $BTC , where there is a key reversal point between bulls and bears, there are still bullish traders defending, which is a type of Accumulation. However, I mentioned that there are two possible trends at this position: 1. Slowly oscillating up and down, wearing people out, washing out the market's floating chips. 2. If the bullish traders aggressively buy the dip without giving up their chips, then there will be dumping to intimidate the market.

This is what has been talked about in the live channel these days. Originally, the spot buying volume was quite good, and there was a chance to stabilize, but in the past two days, there have been frequent negative news, and the bullish traders have been buying the dip too much. In this situation, the cost of supporting the market for the manipulators is too high, so they simply stopped buying.
It can be seen that $ETH only used 1/3 of yesterday's trading volume to achieve the same decline, and other mainstream coins are the same. This represents the surrender of bullish traders, with funds flowing and spot buying exhausted, the market is starting to contract and accelerate its decline. Yesterday, a public call for orders took a wave of rebound, and let's wait to go long around 103.
Don't get too happy about shorting too early, especially for those who are shorting at the bottom. The market has accumulated a large number of late shorts, and the current market structure can squeeze them up at any time. The manipulators can choose to pump the price at any moment. There is a turning point in the next half month, let's chat in the live channel tonight.