The market has formed a double top! Is the bull market still there?
At the daily level, it is basically a waterfall that falls straight down three thousand feet without even turning back.
At the weekly level, the double top is formed, which is similar to the end of the bull market in 2021. It is very similar and looks very dangerous.
Although in fact, the market is inherently dangerous. Many people have been singing all the way since the bull market first entered the market. Not to mention 10 times, but there are many people who have doubled several times.
But in the past two months, the market volatility and the general decline of cottages are like a roller coaster, which can almost make some people return to the starting point or even break through the cost price. Seeing the crisis-ridden market, the cottages are still creating lows, and finally have to cut their losses and leave.
This round of bull market was too strong when it started. It is difficult to create a new historical high before the halving in previous halvings, because the popularity of the big cake is getting higher and higher, and more and more funds are entering the market, so this round of bull market will soon reach a new high, which is a pure "high opening". But it is precisely because of this that it will cooperate with the halving and repeatedly grind at the position of 6.9w.
However, the bull market is definitely not over yet, and it is impossible for it to "go low" in the current situation. So there is no need to worry that the bull market will end at this juncture.
The main force has worked hard to clean up the market for more than a year since the end of 2021, all the way from 6w9, which is time-consuming and costly. How could it be over when they are just about to eat meat?
The second bottoming mentioned on the 8th is basically over halfway. For some people who have not entered the market or want to increase their positions, there should be a major opportunity. But this opportunity is more difficult to grasp.
If there is a fund-raising action, it is easier to grasp, but if it is pulled up in one wave, there is basically no chance, just like the 5.20 Ethereum from 3000 to 3900, most people can't grasp it. $BTC #BTC走势分析