Hello, what I think right now - smart capital - is selling for street and giving hope for longs.

I think the main TARGET NOW is to push price lower.

I will use your chart.

How to understand - some of my thoughts.

There is still a big shopping sentiment (bullish) ...
There are people who - entered the market when the price oscillated around 17-19k USD are also around 14-15k ... catching knives and those who caught the hills after 11.5k USD
I wonder when they capitulate and can not stand the pressure? Where have defense orders (physical and psychological)

For big players - it's kind of - fun - playing with price and trapping the street - especially when the street does not understand the rules of the game.

HODL - in this case, the best possible strategy - if someone has no time and does not understand trading. [like Warren Buffet is holding Cocacola's shares to this day - with thousands % of profit?)]

I think - we will check price around 5k USD
[The price before purchasing Euphoria on the news of the introduction of BTC contracts]

and then bounce again for several grands USD ... - and again check support.

Big capital can do this - just because - they buy bitcoin and buy(sell for hedge) contracts [so they just hedge ...] and If they need - they can DROP BTC to buy back - cheaper.

This way - they will get more and more and more BTC - from weak hands.