Fortunately, the imitation hasn't really dropped much so far, continue to observe

Although it runs fast, this form is hard to describe; it is the first time in history for such a terrible form $BTC

This sensitivity😂

The monthly line for this December is a bit hard to look at 😂

More inclined towards wide fluctuations or fluctuating downwards, with 90000 as the bottom, the probability of wide fluctuations is less than the probability of fluctuating downwards $BTC

Just looking at Bitcoin, the bull market is still here, but it's difficult to restore the upward trend in the short term. I believe the probability of a larger pullback for Bitcoin is relatively high $BTC

I always feel like a black swan is brewing. Although black swans cannot be predicted, there is always smart money ahead of them. It can be observed that every black swan almost occurs during a decline or after a decline has already begun. However, don't take it too seriously; just treat it as a joke. If it doesn't happen in the next week or two, then it won't happen (don't take it seriously; as a retail investor, there's no need to consider black swans, as retail investors cannot foresee them). However, if it breaks below 98,000, the risk is significant. Continue to wait for at least one week; even if you miss out, you shouldn't act.

Crap, the big pancake is indeed weakening, the next step is to test patience. When there is no strong certainty, do not get involved. I increasingly find that a bear market is more comfortable, whether it's the beginning or end of the bear market, short or long at the end of the bear market $BTC

90,000 drops to 85,000, 99,500 drops to 90,000, 104,000 drops to 90,000, 101,888 drops to 94,000, I haven't panicked, right? 😂, damn, maintain respect for the market, just broke through the consolidation zone and dropped back into it, first time seeing this in a main upward trend, it's too hard, brothers, the bear market is still comfortable, it's exhausting but the risk has decreased a little bit, $BTC

After the pancake first reached 99500, it experienced 4 small pullback levels. 99500 dropped to 90000, 104000 dropped to 90000, and 101888 dropped to 94000. The first three drops are considered normal, so the significant drop indicates a strong recovery. This time, I believe everyone can feel the obvious weakness. Once the trend line at 98500 is broken, it immediately becomes weak. If we want to restore a strong upward trend, it would be best to oscillate below 100000 for a week next week, then continue to expand the drop level in the week after, and then recover. After a few days of slight oscillation, a strong breakthrough at 100000 would be the ideal recovery trend. It is essential to have a week or two to build a bottom properly.

If it really is a strong move, it should stop falling at 98500 and bounce back to 107000, then oscillate at a high level. 98500 is the trend line at that time.

The overall market has clearly weakened, and it is very difficult for this round of the main uptrend. The difficulty for altcoins in this bull market is even epic. As long as it is not a bear market, those who participated and held until now find it very challenging, with little margin for error and operational space. After Bitcoin broke below 98,500, it has clearly weakened compared to before, and altcoins are even worse. In the first wave of Bitcoin's correction to 99,500, it dropped and moved in a fluctuating manner, while altcoins were all rotating upwards. This time, Bitcoin's correction has caused fluctuations, and most altcoins are still trending downwards.

I am prepared for a round of market pullback. What can be confirmed is that the bull market is far from over. What is uncertain is whether this will be a major correction. If the market surges straight up and then enters a wide range of fluctuations, it might break new highs. However, it’s quite difficult to sustain a continuous upward trend; it needs some time to settle down. If you entered the market before the main upward wave, you can ignore this risk and not gamble. But if you are participating at this stage, then according to my analysis, the risk here has increased a bit. Let’s observe for a few more days $BTC .

But not shorting, waiting, fortunately made a protective stop loss, rebounded over 4000 points from 98500, breaking 98500 is very weak, trend support is just trend support, trend reversal point $BTC

All subsequent increases will be considered as rebounds by me, and I will observe for at least 5 to 7 days. Previously, the decline from 99500 to 90000 was not considered as the temporary end of the upward trend, and the spike from 104000 to 90000 was not considered as the temporary end of the upward trend

It is different here. Of course, this is only for my strategy. I would rather miss the opportunity than wait. The bottom-picking range is 87000 to 89000, but if it falls directly without rebounding and fluctuates downward, I will not take it, so wait a few days and see $BTC

Don't guess the bottom in the short term for this kind of break below the important trend support. Wait a few days and it's obviously wrong. It has fallen for three consecutive days, the first time since the main uptrend started. Even if you regard this as a big correction, it will take time. Otherwise, you would rather miss the opportunity than enter the market. Don't think about a V-reversal here. Even if there is a V-reversal, it can't get out of the trend. It takes time$BTC

Fortunately, it slipped quickly. 98500 is indeed a very important support $BTC

The only condition that can make me re-enter the trend is that the shock falls below 90,000, otherwise it is all risk. I would rather miss the opportunity than enter the market. And even if the shock falls below 90,000, the intervention is larger than the normal trend. The shock fall below 90,000 can barely be regarded as a big correction, and the shock fall process time must not be less than one week, otherwise it is all risk. $BTC

Damn, on the first day, a solid line fell 10500 and it felt wrong, a completely different state $BTC

Why do I have a much greater risk awareness this time than when it dropped from 104,000 to 90,000? This is because the market conditions are completely different. The drop from 104,000 to 90,000 was a spike in the sky right after breaking through 100,000, which can be seen as clearing leverage, but the drop here broke through the shock zone and then fell back into the shock zone. Although the single-day drop is not as large as that spike, the nature is completely different. This has never happened in a strong upward market. Even a large correction in a strong upward market is just a false break of the trend's extreme support, so it is mainly a wait-and-see approach.