Recently, $RAVE has a strong bearish sentiment, but the risk of blindly shorting is very high. At this stage, staying on the sidelines and observing is the best solution.

The core logic is as follows:
1. On-chain data: Spot holdings have basically been fully distributed/offloaded, and there is pressure for a pullback.
But this leg of drifting downward looks more like the main players’ washout rather than a genuine exit.
2. Technical analysis: · 4-hour timeframe: The coin price is still moving within the upward channel; the lows are rising step by step, the trend has not been broken, and the pullback is a healthy/benign adjustment. · 1-hour timeframe:
Every time it falls to around the lower rail of the channel, it rebounds quickly, and buy-side demand is strong. As the price drops, volume shrinks, indicating it is not the main players offloading; it is more like retail panic selling.
3. Control characteristics: $RAVE is a low-circulation small coin, with chips highly concentrated, and the price is determined by the main players.
The current “dull knife” style of downward drift with shrinking volume and small-bodied candlesticks is a typical washout technique. The purpose is to clear out floating supply in preparation for the subsequent rally.
4. Sentiment and traps: The main players often use bearish sentiment to induce retail traders into shorting, and then suddenly pump up to counter-kill them.
The early surge was a “bearish shorting” pump used to hype things up; the current steady decline is the corresponding washout, and the trend has not reversed.
5. Liquidity risk: The market depth is extremely thin. Once the main players execute the opposite operation, volatility will be sharply amplified, and risks on both the long and short sides will be high.
Conclusion: We are currently in a stage where “pullback risk + washout trap” overlap.
The most reliable approach is to stay on the sidelines and enter only after the trend becomes clear#高盛申请比特币收益型ETF

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