How will the market trend next???
$BTC The overall trend is very clear; even if it drops, it still needs to go bullish. The weekly chart shows a clear need for a pullback, while the daily chart still performs strongly.
Since November, the market has been in a strong bull phase. After the monthly chart changes in November 2024, it confirmed the start of a strong bull market, and up to now, the monthly chart is still in a rising state, which means the bull market is still ongoing.
1. The current bullish-bearish sentiment is very classic: 1. The bulls continue to see a bullish trend, 2. The bears are strongly bearish here, 3. Few see the end of the bull market, 4. There are many who are afraid of the bull market ending.
2. How to make all four types suffer losses is precisely the path that the main force wants to take.
1. The bulls continue to be bullish but will not chase prices; they follow the principle that a drop is just giving away chips. (Almost fully invested) The bull stronghold is at 85000, so when the bulls reach 85000, they will strongly buy, thus either they don’t reach 85000 and quickly pull back, or quickly break below 85000, wiping out the bulls, then rebound, and observe while walking.
2. The bears are strongly bearish, but as soon as the previous high is broken, the bears will immediately stop loss, so the bears here are not firm; if the price rises, they will convert to bulls. (At most one-third position) So even if there is a pullback here, it’s unlikely to be a high point, at least it will attract buying above 102000; only then will the bears be scared and hesitant to short, converting to bulls before falling again, because the main force wants opponents that can be wiped out. The main force can control short- to mid-term trends but cannot control long-term trends, or rather, a long-term bull market is a win-win.
3. Those who see the end of the bull market do not dare to short with large positions here; they will only chase shorts as the price drops. If the main force wants this group to lose money, then there needs to be a sharp drop to make them unable to resist chasing shorts. When this group of people becomes adamant about being bearish, it is basically the time of a counterfeit bull. (Almost no position)
4. Those who are afraid of the bull market ending will chase buying when prices rise and chase shorts when prices drop, so here there will be ups and downs, making them lose at least twice. (Large position counterfeit). There will definitely still be bulls in the counterfeit; the best way to ensure they miss the big bullish trend is to let them give away chips when prices rise, waiting for the bear market to take over.
The counterfeit market was considered oversold last month, with a demand for a rebound; it feels like it hasn’t fully rebounded yet, and the overall trend is still bullish, with gradual rises and sharp drops.
Hope for one last quick drop to give the final drop before the bull, which will knock out most people’s confidence, allowing the main force to obtain blood-stained chips and confidently raise prices, truly bringing about a comprehensive counterfeit bull.