The dog owner has struck hard again today, directly knocking down a large number of bulls with this wave of Bitcoin.
But if you calculate carefully— even if it drops to 61000, it will only blow up 1.3 billion bulls; but if it turns around and rises to 76000, it will blow up 2.2 billion bears. Which is more cost-effective, I don't need to say more about it, right?
This period of the market can be summed up in one routine: back and forth washing, repeatedly cutting. Today it kills the bulls, tomorrow it kills the bears, slapping faces left and right. Now the bulls have been almost cleaned up, with light positions lightened, stop losses stopped, and what needed to blow up has pretty much blown up.
So how will the dog owner play next? I think the script is already clear—holding so many bear chips, if they don't blow them up, are they going to keep them for the New Year?