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What are the signs of a big dump in BTC?
It gives retail investors countless opportunities to go long.
The main force now is different from before. In the past, to trade, you only needed to understand K-line patterns to do well. Now, in trading, you not only need to understand K-line patterns, but also the traps set by the main force for you. For example: there may be a big dump coming, but they will first give you countless opportunities to go long, making you feel like you can make money just by going long. They will let you taste a few sweets first, and when most of the bulls have gotten on board, they will create a waterfall, directly trapping you. This is the main force, always digging pits for retail investors.
Just like BTC now, it is already overbought, and it is time for a pullback. However, the candlestick looks very perfect, having formed a 4-hour double bottom at a high level, which is a perfect bullish signal, encouraging retail investors to chase the long position. Personally, I think it looks more like a trap here. Why?
Since it is a bullish signal, why create a double bottom to let all retail investors come in and profit? The main players lose money while the retail investors make money? Clearly, it is not like that, so I have reason to doubt that creating a double bottom at a high position is just a trap to lure in retail investors to take over the positions. What do you think?