78k USD Battle Begins! Today, BTC Looks Just Like a Large-Scale Werewolf Game

The current BTC market is becoming more and more like a werewolf game.
Everyone is acting.
The bulls say: "Almost $80k!"
The bears say: "Crash imminent!"
Whales say: "Keep arguing, I’ll harvest first."
Last night, after easing tensions in the Middle East, BTC quickly rebounded, reaching back to $78k.
But here’s the question:
Why does the market hesitate more the more positive the news?
Because now everyone has been fooled by "fake moves."
In the past few months, BTC has been very good at one thing:
Breaking out;
And then immediately retreating.
So now retail investors have developed PTSD.
They fear a fake breakout when it rises;
They fear a fake breakdown when it falls.
And the market’s favorite is this kind of mutual suspicion.
Because as long as emotional disagreement is big enough, volatility will become more intense.
My view on the market today:
BTC is likely to continue high-level oscillation.
The range may be between $77.3k and $79.2k.
The reason is simple:
The Middle East positive news eased panic;
But the market still lacks real incremental funds.
Especially recently, miners’ reserves have been continuously decreasing, indicating internal funds are not entirely optimistic.
Meanwhile, ETF funds are constantly supporting the floor.
So now BTC is being pulled by two forces at once:
One side wants to surge;
The other wants to run.
And the final direction will probably still depend on tonight’s US stock and dollar movements.
If US stocks continue to stay steady, BTC might attempt to push higher; but as soon as the dollar suddenly rebounds, market sentiment will cool quickly.
In one sentence:
Today’s BTC is not a trend market, but an emotion market.
Whoever can understand the emotions will have a better chance to survive.
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