Today, Bitcoin is steadily rising, entering a dense trading area, and the weekly chart for Bitcoin shows a bullish momentum preparing for further upward movement.

A few weeks ago, everyone was anxious, scaring the retail investors quite a bit. But now, those bearish news are not being mentioned anymore; in fact, the bearish news from a few weeks ago was merely a tactic by the major players to crash the market and take advantage of the opportunity to pick up cheap assets.

Recently, across various platforms, everyone surprisingly agrees on a bullish outlook, all shouting that a small bull market has arrived. But one must know that a significant rebound during a bear market is the most terrifying. The more people are bullish during a bear market, the more likely it is to see a waterfall market like "312"; in the bear market of the crypto world, it would be unusual not to witness a major waterfall.

In the crypto space, there is typically a major waterfall with a drop of 50% every year, and every 3 to 4 years, there will be a waterfall similar to "312". If one can avoid this disaster, they can operate with more confidence afterward.

The current crypto market is indeed in a dilemma; Bitcoin has risen from an earlier $15,500 to nearly $24,000 now, facing both the selling pressure from short-term profit-takers and the selling pressure from the trapped positions left over from the 2021 bull market, along with the pressure from miners who borrow coins from platforms to sell them in advance, with the miners planning to return the Bitcoins to the platform after mining, locking in a 50% profit. The more this market rises, the more dangerous it becomes, and the downward momentum becomes stronger. As an old retail investor who has been in the market for over four years, I have already sensed the dangerous atmosphere similar to a "312" style waterfall.

In short, it is indeed time for a "312" style waterfall to occur in the crypto space.