Bitcoin dropped a while back, and many people were looking at 30,000 to 40k.


After the rebound these past few days, they’ve started looking at 80,000 to 90k again.
In a few more days, their views will keep changing.
Most people stare at the K-line’s rise and fall,
and keep changing their minds as market sentiment shifts.
A small number study the underlying logic,
and understand the market’s operating cycles.
Retail investors’ opinions have never been the key.
When the whales lift the price for a few days, the market sentiment immediately Fomo.
When the whales dump the market, the market quickly turns bearish again.
The market, at its core, has only two types of people:
the whales and the retail traders.
At the bottom, they harvest panic sell-offs,
and at high levels they manufacture “bag-holder” sentiment.
If retail doesn’t complete the round-trip of exchanging positions at low prices,
how could the whales possibly launch the next major uptrend?
Real trading
isn’t predicting the day-to-day up and down,
but studying the unchanging cycles
and the unchanging human nature.
BTC-0.92%
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