#BTC The knockoff projects that have been all the rage recently either see a sharp pullback, or they just get smashed down and never manage to recover. Meanwhile, the capital from these knockoffs is fleeing and flowing toward the “big pancake.” This has been discussed last week as well: when the truth behind the artificial “knockoff season” is exposed, that’s also when knockoffs start to go quiet. The already difficult knockoff projects will only become even harder. Although there were some attempts at controlling the market at the very beginning, it wasn’t very obvious; but lately, more and more projects have jumped in to control the market, and the heat has been rising. Inevitably, there will be a blow-up—like RAVE. I said it was too outrageous: a hundredfold in just one week, insanely fast. It has no backing and no technical breakthroughs, yet it can break 100x in a week. This kind of extreme market control is far too brazen, so it’s not surprising that when something goes wrong, it goes wrong.

So what impact does the flow of knockoff funds into the “big pancake” have? The “big pancake” is currently at the stage of the Quankong watershed. As long as it breaks above the prior high again, it can break through the 80,000 integer milestone. And the 80,000 integer milestone is Quankong’s final psychological line of defense. Once it breaks through, market sentiment will surge, and Quankong won’t be stubborn. Either it gets cleared out, or it’s forced to exit—thereby pushing the price higher further. And right now, it has been staying around 78-pai as it keeps building strength and accumulating positions, waiting for the moment to decisively break through the 80,000 mark in one go. So the chances of breaking 80,000 are quite high.#加密市场行情震荡