This is why I called Tea Time since November. The current boring phase has several goals , one is to create liquidity below and the second with the only goal to avoid panic selling by market makers to create a controlled downside move. People who been holding for the last 1-2 years are now believing that this is just a ‘Correction’. They see the price at 90k and say that all is good and prices will be up again. They will be proven wrong this time. Their panic will start at 60-70k, and most likely their panic selling will cause the bottom and capitulation event we are looking to enter at!

这就是为何我自十一月起便称之为“茶歇时刻”。当前这段沉闷期承载着多重目标，其一是为下方创造流动性，其二则是唯一目标——避免做市商恐慌性抛售，从而引导市场进行可控的下行调整。那些持有一到两年的投资者如今坚信这只是“技术性回调”。他们看着九万美元的价位，认为一切安好，价格必将回升。但这一次，现实将证明他们的误判。当价格跌至六万至七万美元区间时，恐慌情绪将开始蔓延，而他们大概率会因恐慌抛售，最终促成我们期待入场的那场市场触底与投降式暴跌！

The region of $60,000 will be the bottom, not ruled out a capitulation wick towards 53-54k max.

6万美元区域将成为底部，不排除最大可能下探至5.3-5.4万美元的恐慌性插针。