广州第一深情
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Bearish
$BTC shorted! Betting everything I have
Actually, it seems like every wave of a bull market and bear market follows a surprisingly similar pattern.
From March 2020 to July 2021, the big coin broke out, but many people were afraid to get in, fearing it was too high.
The correction from July 2021 to October 2021 led many to believe the bull market had ended.
From October 2021 to May 2022, there was a surge due to external news, but during this time, more people believed in an eternal bull market, and the market began to correct as expected.
From May 2022 to January 2023, it dropped from 70,000 to about 47,000, then from 40,000 to 30,000, and from 30,000 to 15,000.
From January 2023 to April 2023, this can be considered the first unilateral movement, followed by correction and volatility.
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From September 2023 to May 2024, the second unilateral movement begins, followed by a volatile correction.
From October 2024 to now, the third unilateral movement.
Why does a wave of bull or bear market have two or more unilateral rises and falls? It's a reflection of human weaknesses; during the first wave of increase, most people are afraid to get in. During the second wave, due to human greed, they buy at the highest point, and during the decline, they are filled with illusions, lacking patience and eager to break even, trying to catch the bottom halfway. When the true right-side pattern emerges, fear prevents them from getting in again.
So, I think this wave is about over, and in the next month or two, the bull market will officially end.
#BTC新高10W
Actually, it seems like every wave of a bull market and bear market follows a surprisingly similar pattern.
From March 2020 to July 2021, the big coin broke out, but many people were afraid to get in, fearing it was too high.
The correction from July 2021 to October 2021 led many to believe the bull market had ended.
From October 2021 to May 2022, there was a surge due to external news, but during this time, more people believed in an eternal bull market, and the market began to correct as expected.
From May 2022 to January 2023, it dropped from 70,000 to about 47,000, then from 40,000 to 30,000, and from 30,000 to 15,000.
From January 2023 to April 2023, this can be considered the first unilateral movement, followed by correction and volatility.
23
From September 2023 to May 2024, the second unilateral movement begins, followed by a volatile correction.
From October 2024 to now, the third unilateral movement.
Why does a wave of bull or bear market have two or more unilateral rises and falls? It's a reflection of human weaknesses; during the first wave of increase, most people are afraid to get in. During the second wave, due to human greed, they buy at the highest point, and during the decline, they are filled with illusions, lacking patience and eager to break even, trying to catch the bottom halfway. When the true right-side pattern emerges, fear prevents them from getting in again.
So, I think this wave is about over, and in the next month or two, the bull market will officially end.
#BTC新高10W
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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