First, I will make it easier for you to understand the basis of this market and the reasons for the problems and disasters in it.
Please, I beg you (understand me) and read the following:
⬅️ On the (left) are the gamblers who say:
#Bitcoin is rising.. and they leave money betting on its rise.
➡️ On the (right) are the gamblers who say:
#Bitcoin is falling.. and they leave money and bet on its decline.
☝️ Keep in mind..
As long as the savage gamblers on the (left) continue to gamble on Bitcoin's rise, Bitcoin will continue to drop.
Those on the left are called (Long degens). In Arabic, it means (the degenerate optimists).
As long as they continue to enter with high confidence and put money (gambling and betting and making posts) on the rise of Bitcoin, all of this without risk management, the market will continue to decline and pull Bitcoin's price down.
No, Bitcoin does not want to go against the opinion of gamblers, no.. But the reason is the large capital (that moves the market) sees where the largest amount of stop-losses and liquidations are.
If it sees Long clusters with high leverage, the price drops to wipe them out and gather liquidity, and then it tries to rise.
And when it wants to rise, it notices that there are (new degenerate optimists writing stupid posts about the rise and entering new Long positions — meaning those on the left), Bitcoin goes back to them to liquidate them, crush their ancestors, and then tries to rise again, and so on..
