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The large "Bullish line" on the 21st destroyed the falling momentum, and some people say it's a good thing, but not necessarily!
Forcible intervention will lead to an extended falling cycle. This is the current state, unable to rise and unable to fall, only able to accumulate strength again before breaking through.
⚠️ The breakout mentioned here does not necessarily mean an increase; it could very well be a fall. This is a personal opinion and does not constitute investment advice. why?
1 The current global market environment is not good, whether in the stock market or the crypto space, the Bitcoin downturn cycle is still very long.
There are still many issues with the 2pi project itself.
(1) Currently, less than 10% of the total coin supply has been released, resulting in significant inflation.
(2) The ecosystem has basically no substantial application landing; this ecosystem does not refer to the project party's ecosystem, but rather the third-party ecosystem.
(3) The migration is too slow and the risks are too great.
(4) The project's progress is too slow, for example, the nodes are still not decentralized. And the code is still not open source. This is also what investors are afraid of.
So the above points are personal opinions and definitely do not constitute investment advice. The money is yours, don't pay attention to what others say; you must have your own views. #PI