The general trend of the current round of the cryptocurrency market is as follows:
In the bull market of 21 years, the bull market officially ended on April 14, and then it was in the bull tail market until November 10. The bear market officially began after November 10.
In 22 years, it fell for a whole year. At the end of the year, on November 9, FTX crashed and BTC fell to the lowest point of around 15,500.
It officially started to rise on January 1, 23, and experienced the Silicon Valley Bank crash until the Hong Kong Carnival on April 14, when the first wave of the market was completed.
After that, it began to fluctuate greatly. On August 17, the Binance storm bottomed out and fluctuated until September 13, it fell again.
At the same time, another round of market started until March 12, 24, when the second wave of the market was completed.
It began to fluctuate greatly on March 12, 24, until the current August 31.
Looking at BTC's 5 peaks and multiple strong rebounds without continuing the daily trend, it is certain that the market has not collapsed 100%, and the big dealers are buying and not leaving the market.