35,479,255,679 Bitcoin BTC, it's conscientious!

A few days ago, it retraced, and even if 104,000 will be the recent high point, there will definitely be a 'double top' that will make retail investors run. Unknowingly, Bitcoin is approaching the vicinity of 104,000 again. Whether it's a double top or a breakout will depend on the next couple of days. If it can't break through, it will be quite awkward! If it breaks through, then we'll see 120,000 to 130,000. In fact, technical indicators are just going through another small cycle. The higher it goes later, the bigger the risk becomes, and it will be even more precarious in the future. But in the long term, it can be ignored. Holding until March to May next year may yield unexpected gains.

It's just that every adjustment in a bull market will continue to skyrocket afterward, and every time people think they've successfully timed the waves, they will continue to get on board. After several repetitions like this, speculators have formed a conditioned reflex like Pavlov's dogs. Every pullback will still strengthen their bullish outlook, their positions will get larger, and their courage will grow. Even if there is a main downward trend and reasons for the decline, having already dropped 30% or even 50% from the top, those who frequently trade on the waves will still harbor fantasies of a bull market, thinking this time will be the same as before and will continue to set new highs.