Bro, nowadays the market has not only big whales but also surprising institutions.
It is confirmed that the market does not easily take longers up.
As for the bottom, how much more bottoming needs to happen?
Alts have already come down from the bottom, the spot ones really got hit.
The market goes up a little, traps longers,
As soon as long positions increase, the market dumps.
Because liquidity is down for longers.
This has happened 4–5 times:
BTC reached around 93–94, then selling came and the market went down.
And longers got trapped once again.
Indeed, I am not convinced that I should make predictions,
Nor do I tell people.
My slogan is always this:
“Say no to prediction, always focus on your setup.”
But still, I am giving my judgment:
Now I think the market goes up, gathering longers.
Then it comes down,
Then it goes up again, longers increase, and then it comes down.
The day people become convinced that
“Now the market will fall again, BTC will dump from 94–95,”
On that day, the market will go up.
Because people will be saying that the market will fall,
And the market will do the opposite.
Have you heard:
“Show the decoration and die sometimes.”
The market is exactly like this.
Remember when BTC fell from 126k to 118–112,
Everyone was saying:
“Now that ATH has been reached, it will go straight to 135–140k.”
The market has convinced everyone bullishly…
And went to touch 80k by itself.
Still, the market will convince everyone that
“The dump has happened, now the market will fall,”
BTC will go up.
If we look at it this way,
The market will soon meet us again around 100k.
But still, I stand by my words:
Say no to prediction.
It’s the market, bro,
It will go up and down.
What do we need to do as traders?
Just find your setup, and work on it.
