The general sentiment is like this:
“Bro, look at the macro, the world economy is shit, BTC will dip to very low levels”.
What is this in your opinion? Yes, it's euphoria in the other way, the bearish one.
Each cycle is the same damn thing, a common pattern repeating.👇
The herd only heard the news which is related to the past trying to predict the future based on them.
The market doesn't care, news that is yet to be announced is already priced in.
Bottoms are formed when everyone is convinced that BTC and crypto will not survive.
The reality is that bottoms are sneaky and unnoticed, and that’s why people missed them.
The crowd will wait for lower prices (they also will never buy even if they come) until the disbelief stage: “This is a sucker's rally, it will fail like the others”.
Do you know why? The majority is a victim of the propaganda.
Market makers or those who are pushing the prices and the market down take care of the overall sentiment and pay journalists and mass media to spread fear and FUD.
Then, at some point, Bullrun resumes and those who didn’t buy will FOMO back at the top.
This post is based on this twitter thread.