Pal's BTC Market Analysis -12.12 Continuing with the previous viewpoint, new fans are recommended to watch a few tweets together. 1) It can be clearly seen from the graph that 94 is currently being continuously tested 94-95 has been under a lot of selling pressure directly. Then, after 94 refused, each callback was higher than the previous low point. And this process is all straight up and down. 2) Why is it manipulated like this? Firstly, the suppression of 94-95 is forming, and here we are building liquidity. I believe many people will be guests in 94-95, with a stop loss of 95 and a high profit loss ratio. Naturally, a large amount of bearish liquidity has accumulated here. Once it breaks through 95, a large number of short stop losses will become fuel to drive prices up. Secondly, every time you step back on the low point, it will be higher. This is still a structural perspective, I think it is a very benign oscillation and upward trend. At present, I haven't felt nauseous enough to break below the previous low point, and I'm going to oscillate in a more nauseous range. It also indicates that before being smart, one is protecting their own cost - the average cost around 89. Thirdly, why are they all oscillations - straight up and down. On two fronts, firstly, it is true that the liquidity has been too poor recently, starting from 10. Since the beginning of the 11th incident, the situation has worsened, not only due to a decrease in participating funds, but also due to the departure of market participants. Poor liquidity makes it easy to manipulate. Another way is to make money by shaking and washing chips, allowing retail investors to chase up and down prices, and taking stop losses to make money. Recently, there have been many market trends, and I think sometimes it's just for the sake of liquidating positions, with a lot of market manipulation. 3) Why am I on the rise? Firstly, looking at the current statistics of large pending orders from 11.19, this is for buying. The average purchase price is 89. That's why I keep stepping back on 89, there's a fundraising process here. Secondly, the current macroeconomic bad news is almost short-term, as long as there is no expectation of a recession, it will definitely not get worse. Besides, even if there is bad news, it will first rise and then fall, right. At least the goods they have on hand need to be shipped first. Thirdly, currently there is a suppression of 94-95 sell orders, as mentioned earlier, which is likely to create a liquidity trap. Once the smart money here goes short and cancels orders, but instead buys and drives the hookworm short positions to sell out, then it will go up to 10. In summary, I think if it oscillates above 89, then I tend to rise. The more times the 94 test is conducted, the greater the probability of breakthrough. Updating is hard, please like, forward, and follow if you like it For more real-time analysis, welcome to join the group: http://t.me/pabuerbtc