When the price was at 98k, did the retail investors over in the US panic when MicroStrategy bought an additional 55,000 Bitcoin? Were they afraid of missing out and directly going long, aiming for 110k? After all, in the last round, MicroStrategy's 88k addition pushed Bitcoin up to 99k.

However, what you won't see in the news is that MicroStrategy also bought more Bitcoin during the last bull market when it hit 69k.

At 94k, would this news from Wall Street again pour cold water on the retail investors in the US? Citron Research was the first to short MicroStrategy's stock.

When the market goes up, all you see are positive news, but when it goes down, negative news comes one after another.

Next month will be a battle over whether the annual candlestick will end with a solid bullish candle or a long upper shadow.

Personally, I think for the bulls, ending with a long upper shadow is actually a bit better than a solid bullish candle. After all, during this crazy surge, the vast majority did not buy Bitcoin at 2k, 3k, or 4k and ended up missing out. Even for those who did buy, it was mostly short-term contracts, while more were like me, feeling dizzy from trying to time the market.

It makes more sense to wait for a pullback before buying. A short-term drop might give people an unstoppable feeling.