$BTC Starting from $59,000, the market has experienced a wave of five upward movements, and it is expected that this wave will peak between $69,800 and $71,000. Subsequently, the market may enter a correction phase, with a projected decline of at least $3,150, and potentially a larger drop.

As Master Liu pointed out, we have identified the position of the peak and the possible extent of the decline. Investors should make decisions based on their own judgments. Personally, I plan to short when the price exceeds $70,000.

Bloggers have differing opinions, just like many predicted a significant C wave decline in September, while I believe that there is no C wave in a bull market. Where would a C wave come from in a bull market? I predicted at that time that the bull market would reach $68,000 to $69,000. Now, the market has not shown a significant C wave, but rather continues to rebound in the B wave, with prices nearing the $70,000 mark. Some are starting to talk about a major bull market reaching $110,000; that is their view.

I personally am not optimistic about a major bull market, nor do I think the market will see a significant reversal, much less reach $110,000. It is expected that after $70,000, the market will experience a correction of several thousand dollars. By late October to early November, if Trump is re-elected, the market may rise again. Isn’t this market trend enough? September was the first bull market, October the second, and November will be the third; isn't this how a bull market ends?