Doesn't have to happen, but...
If we're thinking about the market's movements they way we should -- that is, from the POV of the whales and market makers -- and if we know for a fact that 95% of retail traders get wrecked, then we need to try to think of what kind of movement would wreck the most retail traders while filling the bags of whales, and that would be a really quick wick back down to that purple line (around 31,000). You can see from the previous wick that there are bots with huge money behind them (probably family offices and hedge funds) set to buy at that line. Remember that this is the 2-day chart, so by "quick" I mean over the next 12 hours or so. Just an idea. Doesn't have to play out. But I'd say, if we continue to dump hard, I would see that area as a huge buying opportunity.
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