Last night before bed, BTC surged, apparently due to speculation about an interest rate cut. However, I've noticed a lack of recent capital accumulation, suggesting that major players might be using news to manipulate the market and lure in more buyers.
Many are calling for a bull market correction, but I disagree. From a retail investor's perspective, a rise automatically signifies a correction. From the major players' perspective, it's not that simple. If they were truly preparing for a rally, there would be significant trading volume and accumulation beforehand. Currently, neither of these has occurred, so I won't be overly bullish or join the bullish camp.
Is it possible for a sudden positive development to trigger a broad-based market rally? The probability of this is almost nonexistent, or extremely low. Cryptocurrency is a market manipulated by major players and market makers. They wouldn't work for retail investors without prior accumulation.
Therefore, I'm still shorting at key resistance levels, and this morning I saw considerable profits. However, the capital accumulated last night hasn't left, so a rapid decline isn't guaranteed. There's a possibility of another surge, potentially forming a double or triple top.
Of course, after each order, if the price drops significantly, I always move my profit target down or add a stop-loss at the original price to ensure I don't lose money.