$BTC “BTC is digesting profits”

If we are looking for a sword, the current position is around 20,000 points, and we need to digest profit taking and hold-up orders.

The market is no bigger now than it was then, and the absolute values ​​of profits and hold-up orders are not small.

In a bull market, when the price reaches the peak of the past rising cycle, the scale of profit realization increases, and there will be a period of sideways or adjustment period to absorb trading volume, in order to achieve the effect of digesting profits and holding up orders.

Since then, the market has entered the late stages of the bull market with strong gains.

Currently, the peak of the 2021 bull market has been reached, and in theory, after about 1-2 months of correction or sideways period, we could see another strong advance.

Most altcoin strong gains occur late in the bull market, so 2024 could be a year worth looking forward to for both BTC and altcoins.

The script is like this, the actual interpretation may be very different