4Chan Insider predicted the collapse of Bitcoin, claiming that it was a coordinated attack. Investors are considering what to do after the market correction when Bitcoin fell to $29,000. Many people attribute yesterday's incident to FUD, whether it is Elon FUD, China FUD or OCC FUD. However, an "inside person" of 4Chan's anonymous board claimed that this was a joint attack by an anonymous company associated with the Chinese government. Such claims without a reliable source should be treated with a grain of salt. 12 hours before the market derailment and the expected liquidation, 4 Chan Insider issued an early warning warning that Chinese government agencies would conduct another raid on Bitcoin and cryptocurrencies this week. The joint statement of the three industry associations stated that financial institutions cannot conduct business. Cryptocurrency. Specifically, the team studied the huge turmoil in the cryptocurrency market and found that digital tokens lack "real support" and prices, and they are "extremely easy" to be manipulated.Such stories have become commonplace. Therefore, this was dismissed as having nothing to do with the FUD case. However, a 4Chan insider claimed that this was a harbinger of a coordinated sell-off that stalled the market yesterday. "The goal of today’s press release and all FUD news is to obtain as little BTC as possible before 7:00 am UCT. By the way, the transaction was carried out at 1:00 pm GMT yesterday. Despite China’s geographic location There are five different time zones on the Internet, but the country follows a time zone called China Standard Time (CST), Greenwich Mean Time/Universal Standard Time is +8 hours. There is no time zone called "UCT". As internal sources explain When the purpose of the sale was to target a single stakeholder, the situation took a dangerous turn. Given the details, Elon Musk seemed appropriate. “First, a coordinated liquidation will be carried out to keep the price below a certain threshold and Liquidation of specific shareholders (I can't directly tell who it is, but I am responsible for the purchase of land during diving).After the liquidation, the plan is to buy all the reserves, which will actually bankrupt you. The recent price forecast for this position is $70,000. What is the next step for Bitcoin? The incident yesterday shocked many people. Volatility is an indispensable part of cryptocurrency, and the speed and degree of decline has always been extreme. Since its most recent all-time high of $64,000, Bitcoin has lost 54% of its value at its peak. A day below the 200-day moving average (MA) indicates that the bears have now controlled the market, raising concerns about returning to the cryptocurrency winter. Since the RSI fell to a low of 22, its extreme fears seem to have been intensifying. The crown shock in March 2020 was the lowest point where the RSI last fell to a similar level, around 14.It was 6.
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