Many influencers have directly stated that they cannot respond to the pullback and have risen to 150,000; only I have insisted that after watching the pullback, it can rise! Those who have read my article on Monday, "No Longer a One-sided Rise, Rest or Continue? How to Use the BBI Cycle to Make Friends and Break Up with Fish, Shrimp, and Crabs? If Using the 5-day CCI to Judge the End of Accumulation, and then the Accumulation and Distribution Cycles?" know: I have always emphasized:
(1) After the high point of Bitcoin (104088+), it should drop to the lower band of the 12-hour KC and the daily KC lower band.
(2) If Ethereum cannot effectively maintain above 4000, it will adjust downwards.
(3) If the choice is to go down, I predict that many fish, shrimp, and crabs may break through the weekly BBI and even reach the monthly BBI. The needle that breaks through the weekly BBI or even reaches the monthly BBI is the real big resistance!
(4) Currently, I suggest neither to be completely carefree nor to go all out; the time to go all out still needs to wait for Christmas or New Year's Day.
The above predictions have all come true!
Bitcoin increasingly resembles the trend on January 11, 2024; the Wyckoff distribution model is also very similar (108353 is the Wyckoff distribution model).
Today, Bitcoin has fallen back below the upper trend line of the Fibonacci fan; today we continue to key in on Bitcoin's 12-hour KC lower band and daily KC lower band support.
If it breaks below 94150, it means either we miscounted the wave, and 108353 is the peak of this wave after September 17, rather than a new surge. Or it is interpreted as the end of the new surge, meaning the entire super cycle 3-1-5 wave or the entire super cycle 3-3-1 wave has ended. This implies a sharp drop (it will not effectively break the weekly BBI), and the target for the drop has already been sent to the private circle!