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[Repost] This is why I have been calling it the "Tea Break Moment" since November. This current dull period carries multiple objectives: one is to create liquidity below, and the only goal is to prevent market makers from panic selling, thereby guiding the market to a controlled downward correction. Investors holding for one to two years now firmly believe that this is just a "technical correction." They look at the $90,000 level, think everything is fine, and expect the price to rebound. But this time, reality will prove their misjudgment. When the price drops to the $60,000 to $70,000 range, panic will begin to spread, and they are likely to sell in panic, ultimately triggering the market bottom and a capitulation crash we have been waiting for!
The $60,000 area will become the bottom, with a possibility of a panic dip down to $53,000–$54,000.