#BTC The big pie has been moving sideways again today, and some copycat coins are seeing rising heat. This is mainly because RAVE is driving it, and RAVE’s position is already relatively high. Most traders no longer dare to keep investing and have started to shift to other niche coins. So, over these past two days, the big pie has moved within a limited range, and this is also a correction after the volume spike on Monday.

The current market is also quite complicated. On the one hand, there is heavy sell pressure from retail traders at high levels, and huge whales are transferring assets to exchanges. On the other hand, institutions continue to buy, resulting in a stalemate. The market’s fear level is also gradually recovering. Although it is still at 23 for now and remains within the fear zone, with continued institutional inflows it will still keep rising.

The game of tug-of-war won’t last for too long. Either tonight, or at the latest by tomorrow evening, there will be a result. Tonight, the early-week unemployment claims will determine the direction of short-term volatility. My personal expectation is that tonight the big pie will ride the wave from the unemployment claims and surge toward 768. This is quite possible. First, sweep out the bottom of the dip, then take pressure again at 778, resulting in a pullback.