The main purpose of the washout phase is to clean up the profit-taking positions that follow the rise. By suppressing the price of the currency and tossing it up and down, the undetermined small retail investors are forced to sell their chips, preventing the small retail investors who made profits in the early stage from selling at will during the rise, thus hindering the further rise of the currency price. The undetermined small retail investors have been cleaned up, and the dealer has stronger control over the market. There will be fewer small retail investors who sell during the rise in the future, and it will be easier to rise. This process will last for some time. #BTC、 #ETH
