? Bull Market is over? !!! This Bull Market is not the Bull Market you think it is. The evolution of the market is very interesting. It relies on Cryptocurrency Speculation, which is unrealistic. The market has already confused people. Looking at every Bull Market, there has never been a high-level fall below the 120-day moving average. Every time a high-level fall below the 120-day moving average occurs, it is a bull-to-bear transition. We stubbornly believe that the Bull Market after the Halving must appear in the months after the Halving, so we fantasize that maybe it is a fake fall. Looking at all the Bull Markets of BTC, there has never been a short-term return to the top after a high-level fall below the 120-day moving average. In terms of news, the compensation from Mt. Gox, the government selling coins, especially the government selling coins, they don't discuss technical aspects with you. When the higher-ups say sell, the only thing left is to execute it. That's all, don't negotiate prices with the government. People don't care about the price or whether it breaks through. Since they are dumping and selling, all that's left is continuous selling. They can't stop. They sell during work hours and rest on weekends. It's that simple. GrayScale is also not idle, selling every day. Although other ETFs may catch the bottom, they can't withstand such selling. If they could, the fall wouldn't be so sharp. It's too naive to think that the probability of a high-level fall below the 120-day moving average and a bearish transition is very high, and you still brainwash yourself. This violent drop, we have to admit it. Now, out of 10 veteran investors in the market, 9 and a half are trapped. Where did the money go? The dealers are also trapped. The government has harvested all the money. Don't expect the money from the government's sale of BTC to flow back into this market. This money is unlikely to flow back into this market. If such a long-term capital does not flow back into the market, where will the funds that continue to pump the price come from? In short, there are only 4 points: 1. High-level fall below the 120-day moving average, 2. Further fall below the fall, 3. Government selling coins, funds will not flow back into the crypto world. 4. BNB's false breakthrough has turned into a real fall.
All are personal opinions and not trading advice.