BTC is now above 79k, you can't really say it's bullish; and it's clearly not about to crash either.
What does its current state resemble more?
Like someone who just got beaten up, they stood up but are still gasping for breath.
If you're a newcomer, you might be excited about that more than 2% increase;
But older traders are more focused on one sentence—
👉 If you smash next, will it still be soft?
The most obvious change in this market is actually not the rise, but the decline is not smooth.
I dare say you remember that kind of market from a few days ago:
Just any red K line.
The next one will revert directly to its original form.
Bulls haven't even put up any resistance.
That kind of market really has no bottom.
It's not that the price is low, it's that the spirit is gone.
But now it's different.
Now you will find that:
It drops down, and someone slowly catches it.
When it crashes down, the speed starts to slow down.
Shorts do not dare to press down like before in one breath.
What does this indicate?
This means that the group of people who are the least patient and most afraid of dying have basically already left.
79k at this position is actually not that mysterious.
Old traders look here; it's never about 'whether it breaks or not',
But rather a more down-to-earth judgment criterion:
Can you stay here?
What really deadly market conditions are there?
It's not that it's not rising,
But rather -
Just stood up, and immediately kicked back down.
Right now, this trend gives me the feeling that:
Not anxious, not restless, and not too pretentious.
It's like the funds are slowly asking the market:
'I'm standing here, if you don't believe it, come now.'
But if you say it's safe now?
And don't think too beautifully.
This phase of the market, to be blunt, is just grinding people.
Bulls dare not rush.
shorts dare not be heavy
Those with itchy hands are being educated back and forth every day.
This kind of market is the easiest to annoy people.
And then get off the car at the worst time.
Old traders generally have a unified evaluation of this kind of market:
👉 Don't make quick money
👉 But it determines whether you have the qualification to make big money later.
Right now, I'm not really concerned whether it can immediately surge to 85k.
What I'm more concerned about are these very boring but very important details:
When it pulls back, is there always someone catching it?
When it's sideways, isn't the volume slowly piling up?
When bad news comes out, does it seem like fewer and fewer people care?
If the market really wants to come out,
It definitely won't rely on a single surging K-line,
But it relies on countless times of 'no matter how you smash it, you can't kill it.'
Let's be honest.
In this stage, if you think about catching the top and bottom every day, the probability will be that you'll be pulled back and forth.
But if you can hold on and understand the rhythm,
This is rather the kind of -
The position of 'later looking back, the opportunity was actually here.'
The last sentence is particularly down-to-earth, but true:
The market is not pulled out; it is endured.
Currently, BTC,
Still enduring.
Not fast, not pleasant,
But at least -
It hasn't collapsed.