It's a fact that the markets can be influenced by various players, including the Fed, institutions, and large investors, who can manipulate prices. Although the recent selloff in cryptocurrencies has not been very effective, it's possible that they will try again, perhaps by running the market up before triggering another downturn. Based on Fibonacci analysis, the next drop could be significant. However, those who hold their investments for the long term are likely to reap the rewards, potentially seeing bitcoin reach multi-million dollar valuations.
Here's how the Wall Street operates:
Drive up the market and lure in investors
Attract a lot of new buyers
Crash the market
Trigger panic selling, causing prices to plummet
Buy up assets for pennies on the dollar
Repeat the cycle
The market is not designed to make you richer; it's intended to make you poorer. As a result, it's important to stay informed and make rational decisions based on data and analysis, rather than getting caught up in the hype and emotions of the market.
Best regards