In the chart I shared on Tradingview in mid-September, the target price was set at $100,000, which is why I always recommend removing leverage when the price reaches above $100,000.
Based on the analysis of the chart, I sincerely hope that the five-wave structure will not form, otherwise we may have to go through months of long suffering.
In fact, after the price reached $100,000, I continued to pay close attention to the market sentiment, fundamental conditions and technical trends.
Frankly speaking, this price is very likely to be a stage top.
After all, we have experienced two rounds of six-month-long volatile markets in 2023 and mid-2024, which is really frightening. I can only say that if you want to stay active in the market, the key is to be able to react and withdraw quickly.
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