GateUser-9bd23be3

$USELESS Short position, insufficient volume, because useless is indeed useless

$BTC market plunges as before

$RVV The market manipulator has finally moved. From yesterday's trial trading, I sensed the market manipulator's full malice, with a pump that directly cleared the short positions' leverage. This wave actually didn't require much capital; it simply reached the stop loss points of most short positions, leading to stop loss buy-ins, which caused the price to rise directly to 0.011. After the pump, the price corrected and pulled back. This volume can at least retest the long wick candle level of 0.011, and after breaking through, we can see 0.022.

Here to help everyone restore their faith, $BTC dropping like this isn’t entirely unexpected, but it’s still a bit surprising. Currently, the lowest point is around 80,700. As shown in the BTC daily chart, it has just dropped to the lower edge of the rainbow channel, which also coincides with the 1.618 Fibonacci extension level. This kind of major drop reaching such a key point, I believe this position is strong support, and I expect a rebound to around 99,700.