'Relaxation of belief buyers': a reasonable excuse for promoting a health correction Last week, BTC experienced a drop of nearly 7000 points. From the perspective of a retracement, We can observe a forward-looking factor: the decline of belief buyers. Let's start with the conclusion: Belief buyers rarely experience brief red states during the process of supply and demand rebalancing, Causing a downward trend in BTC, but it is only a short-term factor and not enough to disrupt the bull market trend. // The indicator in the attached figure is the "Five Major Buyer Groups Heat Map", and the concept is reviewed as follows: ➡️ First Buyers: First time buyers ➡️ Momentum Buyers: Trend Buyers (buy when prices rise) ➡️ Conviction Buyers: Belief Buyers (buy when prices fall) ➡️ Profit Takers: Profit Takers ➡️ Loss Sellers: Admitting Compensation to Participants Based on the above differentiation, present the buying and selling behavior of different ethnic groups in a manner similar to RSI: Green indicates an increase in the population of this ethnic group Red indicates a decrease in the population of this ethnic group Detailed principle explanation of indicators: https://((((((x.com))))/market_gegar/status/1927539239903764555 Explanation of the uniqueness of belief buyers: https://(((((((x.com))))/market_gegar/status/1970662866811527423 // As shown in the attached figure: Looking back at 10/03, which was two days before BTC's rise and fall, The belief buyer's state has briefly shown a hint of red（ ）， For unknown reasons, the number of belief buyers has significantly decreased in a short period of time. From the perspective of supply and demand, BTC was already in a stage of narrow fluctuations, The supply and demand sides maintain a fragile balance of low liquidity, The sudden drop in the belief of buyers is equivalent to the sudden withdrawal of their troops, As a result, BTC experienced a wave of sudden kills, which also took away many leverage positions. 'Kill 7000 points in three days': gradually clear trading plan https://((((((((x.com))))))))/market_beggar/status/2108377057768181826 I personally am very pleased with this decline, for the following reasons: ➡️ Belief buyer has now moved out of the red status ➡️ The heatmap of the five major buyer groups is not a cyclical indicator and is difficult to influence the bull bear trend ➡️ Every sharp drop is a good opportunity to clear leverage and reduce resistance to future increases ➡️ There is no bull market that only rises and never falls. Only with a healthy pullback can there be greater upward potential Moreover, based on the distribution of URPD chips tracked in my weekly report, Previously, the huge number of buyers who raised funds in the range of 61-65K had almost no intention of selling; At the same time, more and more chips are constantly changing hands and increasing their accumulation at 83-85K, All signs indicate that there is currently no cyclical risk that could disrupt the bull market trend ✅ Berg Chain Weekly Report (98): Stress Testing of Massive Accumulation Areas https://((((((((x.com))))))))/market_beggar/status/2109170660471935205 In summary, I believe that the decline of 'belief buyers' this time is, For all the bullish comrades in BTC, it is an absolute good thing, Although the process is always full of twists and turns, good things are difficult. As long as the bull market trend persists, BTC always rewards those who are patient believers with new highs over and over again. Written in the beginning of the cow https://((((((((x.com))))))))/market_beggar/status/2091702058009420064 That's all for today's content. In the new week, I wish everyone smooth trading // Related reading resources The Rise and Fall of Purchasing Power: Exploring the Potential for a pullback from the Perspective of Stablecoins https://((((((((x.com))))))))/market_beggar/status/2107285002262364579 'A touch of greenery': the budding external capital increment of BTC https://((((((((x.com))))))))/market_beggar/status/2105840654345818401 492 Day Tribulation ": A Devil's style Stranding to Overthrow the Early Stage of the 2023 Bulls https://((((((((x.com))))))))/market_beggar/status/2104390699865223595