Family! Has anyone felt a bit dazed when opening the market software recently? The interest rate hike stick hasn't been put down, yet the market is inexplicably rising against the trend, swaying at a high position with the posture of 'taking off'? Don't rush to shout 'the bull market is here,' I've been crawling and rolling in the crypto circle for eight years, and I can tell at a glance that this trend is off—this is not a market reversal at all, but rather a 'sweet trap' set by the main force for retail investors!
Here comes the solid information, let's dig beneath the surface to see the essence. First of all, during the interest rate hike cycle, global liquidity is tightening, and the crypto market, as a high-risk asset, fundamentally lacks the basis for sustained growth. The most bizarre point of this surge is that the trading volume has never kept up, which is typical of a 'volume-less surge.' Those in the know understand that a rise without capital support is like water without a source; the more it rises happily, the harder it falls.
Looking at the trends of BTC and ETH, it appears to have broken through the short-term resistance level. However, upon closer inspection of the candlestick patterns, they all show long upper shadows which is a clear 'bullish trap signal'—the main force intentionally pushes the price up to sell off, attracting retail investors to buy in, and once the distribution of chips is nearly complete, they will turn around and dump, completing the chip replacement. Furthermore, based on the chip distribution, the high-level locked positions have not been digested, and new retail investors have all become potential 'bag holders'.
Lastly, let me say something from the heart, now is not the time for greed, it is the time for fear. I have already reduced my position to below 30%, leaving some base holdings to observe. I will continue to track changes in trading volume and key support levels, and once a breaking signal appears, I will remind everyone in the comments section at the first opportunity. If you think what I said makes sense, hurry up and follow me, don’t wait until you are stuck before thinking of asking me for strategies! If you currently feel helpless and confused in trading, and want to learn more about cryptocurrency-related knowledge and cutting-edge information, follow me @标哥说币 #加密市场观察 $BTC
