Two viewpoints regarding the current market situation

1. From a long-term perspective, buying BTC at the current position carries a high risk. However, in the short term, it may still continue to rise, even though the indicators suggest that the upward momentum is weakening. This doesn’t prevent the price from continuing to increase despite the weakening indicators. In other words, although BTC has formed two upper shadow lines on the monthly chart, the market can still rebound (it may not reach new highs), but the price at this position is indeed very high. If we look at the smaller time frames, I believe the reversal trend that has emerged in the smaller time frames is definitely not finished. The likelihood of the market continuing to oscillate rather than showing a significant directional trend is greater, indicating that there will be a high possibility of oscillation between the previous highs and 10.8w. This position will definitely become a turnover selling zone.
2. Currently, it appears that the altcoin market is not in a bear phase. On the contrary, many altcoins may continue to rise. The end of a bull market must be strictly determined by: "not making new highs, making new lows." In the current market, mainstream coins such as ADA, DOGE, LTC, ETH, and SOL have not made new lows; they have only retraced from new highs. This significant fluctuation during the upward process only indicates strong resistance, with the market makers playing tricks. However, this does not mean that the market is in a bear phase. At present, most mainstream coins are "making new highs, not making new lows." Although the lowest point of the market is extremely close to the previous low, this does not represent the end of the bull market; in fact, it continues. Coupled with the volume of the monthly MACD, I believe, contrary to intuition, that the bull market is still ongoing. The market itself might be a bull market; a bull market is born in pessimism, matures in doubt, and dies in optimism. The general uncertainty about whether it is a bull market is, in itself, a characteristic of the bull market. #打榜优质内容#