As you can see, after breaking the highest point of 17 years at the end of 2020, due to liquidity still being close to two levels, the bull peak continues to push.
After doubling to 41, it took a break, made a daily lower track correction, released a lot of liquidity, and then continued to push up.
Until liquidity is nearly exhausted, there was a final push of ten thousand points, pulling from 49 to 58, which marked the end. A daily lower track adjustment was made again.
Although there were still fluctuations in the end, reaching a high point of 65, it is clear that the bull market is nearing its end.
Finally, a significant weekly level correction of 519 occurred.
So what now?
Are we now close to the stage of the first round of doubling?
However, the liquidity is not sufficient to support a doubling from sixty thousand to one hundred twenty thousand.
So at this position, a small adjustment looks promising, even a daily level correction.
Acquire some liquidity, then continue to push up
Of course, if next week directly pulls up ten thousand points to 90, to attack the peak, then there is nothing to say.
Then there will be a daily correction, setting a new high, and then ending the small bull market.
After that, we need to be wary of months-long consolidation and a significant weekly level correction.
In summary
How to respond to different trends next?
Hold the spot until the end of the month, if there is a correction next week, continue to enter the market, a low multiple light position is fine, not afraid of being trapped. If there is no correction, then hold the spot until the end of the month, preferably around the 26th to 29th, when the price pulls up to 90, then clear it all, waiting for a major correction.
That's all! $BTC