#BTC# When I joined the circle, I often heard people say,

Newcomers fear volatility, while seasoned traders fear one-sided movements.
After five years, looking back at this sentence, it is truly classic.
Don't believe me, see how Bitcoin pumped up to 73000?
The most fundamental reason is that there are bearish traders who do not believe in superstitions as fuel.
Pulling from 43000 to 53000, someone has already begun to look at the pullback.
The result is pulled to 63000.
About 80% of the suckers are waiting for a pullback in the market, which has risen by 20,000 points in one direction.
As a result, the bearish traders came and died one by one, killing shorts all the way to 68,000, and the distance to 43,000 was exactly 25,000 points.
The bearish traders are not insensitive at this time, and the last line of defense before the technical indicators become ineffective is the pressure level of 69000, the previous high.
The classic battle of long and short positions at this level is a life-or-death situation. Looking back from the perspective of bearish traders, it is also a matter of life and death.
Because the bearish traders' defense point is around 69000.
The price of the coin also gave face, touching 68686.8 in an instant and then quickly pulling back, with a drop of nearly 4000 points in four hours.
For bearish traders, there are four words: Happy big rush!
I would mortgage my property certificate if I could!
Just 8 hours later, the price of the coin once again reached 68000 and quickly surged towards 69000.
A group of bearish traders suddenly felt a chill in their hands and feet, and they suddenly realized that this was obviously a trap to lure them into selling short!
At this time, at least you can still redeem the property rights.
When the price of the coin returned to 68600 for the second time, all the bearish traders seemed to have awakened their superpower to foresee the future, vaguely seeing the picture of the price breaking through the previous high.
At this point, it doesn't make any sense to hold on anymore. Once the price breaks the previous high of 69000, market sentiment will ignite, and no matter how many bearish traders there are, it will be like ants trying to stop a moving car.
The result is naturally obvious, when the vast majority of long bearish traders disarm Capitulation, and even some of them turn into bullish traders, the real butcher's knife also quietly descends.
Turn your attention to the recent newcomers who were attracted by the high price of 73,000 Bitcoin. I'm afraid they can't figure out why the price falls when they go long and rises when they go short. It seems like they are being targeted.
Actually, the reason is simple. The old suckers have already been played for suckers by the one-sided market trend. Now, in order to play the new suckers, of course, there needs to be some volatility.

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