Don't wait for the waterfall, there won't be a big waterfall.

In this market, you can't simply rely on historical trends; instead, you need to analyze the current situation specifically.

The current situation is that the consensus expectation for a bull market is very strong, and there is a lot of capital on the sidelines. Most people will not agree that we are at the top of the bull market now. So it's simple: if BTC adjusts, this sidelined capital will enter the market.

Given this, the probability of a major adjustment is relatively low. Over the past 70,000 to 100,000 days, a lot of capital has been waiting for a pullback to enter, but what they have encountered is increasingly higher prices, which affects such decisions. When there are small pullbacks in BTC, some capital starts to buy in early.

Of course, BTC will definitely have small pullbacks, mainly at important key levels where short-term profit-takers take profits.

However, in the early stage of a bull market, don't always wait for a major adjustment to enter the market.

When will the major adjustment come? It will come when those who have been waiting for it can no longer resist entering the market.