Last night, the altcoin rally collectively exploded, attracting extremely high market attention.
Retail investor sentiment was quickly ignited, as they worried about missing out on larger gains (FOMO), leading to collective " chasing the high" behavior.
In this euphoric bullish emotional environment, retail investors have formed a psychological pattern of "rising equals direction, falling equals opportunity."
Of course, this also provides many opposing orders for the subsequent decline.
Retail investor sentiment is the market's "perpetual motion machine."
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