The Shanzhai season will eventually arrive! Why do I always talk about Shanzhai season?

1. From the perspective of K-lines and technical indicators

Looking at the dominance rate of this Bitcoin on the 3-day K-line, 1. It has broken the upward channel that started in June 2023 and has encountered resistance at the midpoint during the pullback; 2. The MACD indicator has forcefully broken below the 0 axis, and is currently undergoing an oversold recovery.

Below is Figure 1:

This tells me from the indicators and K-line trends that Bitcoin must transition from prosperity to decline, so since it has come down, who will rise?

Looking at the chart below, support and resistance are clear at a glance. Any rise or fall will not be a straight line; there will be bumps and fluctuations in between, but it does not affect the direction it needs to take.

Below is Figure 2:

2. From a historical pattern perspective

Looking back at the last bull market in 20-21, Bitcoin rose from the end of September 2020 to December 2020, during which all DEFI coins were in retreat, and all Shanzhai coins were basically stagnant, with Bitcoin standing out, rising from 10,000 to nearly double. Meanwhile, the leading DEFI token UNI fell from a minimum of 8U to just over 1U;

In February 2021, Bitcoin was nearing its peak at 60,000, while Ethereum was still hovering below 2000. You can review the K-line trends afterward and see that Ethereum doubled from 2200 to over 4000 in just two weeks.

We must recognize one point: Bitcoin determines the overall trend of the crypto market. However! The rhythm and lifecycle of Shanzhai coins and Bitcoin are different.

3. From an emotional perspective

Market trends often emerge in despair, rise in hesitation, and are destroyed in madness; this is human nature.

The refined trading techniques on Wall Street have made the next bull market much calmer compared to previous ones; they can make the market harder to play with their strong capital and top-notch control, making us feel that this time is different from every time before; but what they cannot change is human nature, because as long as there are humans participating in trading, we cannot escape human nature. Looking at the market in despair, do you think the current market is crazy?

Holding coins is like guarding a widow; whether the trading market is rising, falling, or sideways, it constantly stimulates our nerves. What we can do is choose a strategy that suits us and stick to it.

At this time point: holding firm is correct, waiting for the explosive Shanzhai season; exiting is also not wrong, as Bitcoin has already gained 5-6 times profit.