Looking at the weekly chart of Bitcoin and this wave of rebound, it has some interesting similarities to the structure during previous bear markets— the resemblance is already quite high. This comparison is not a bold prediction, but rather a more cautious approach to risk management.

But there is a very interesting phenomenon here that is worth reflecting on: you can see the clues just by scanning your own watchlist. Those who are bullish are surrounded by analysts and bloggers with optimistic analyses. Conversely, traders who are bearish are mostly sharing bearish KOLs. In other words, we are all caught in an information cocoon—opinions reinforce emotions, and emotions, in turn, filter the information. This is not a criticism of anyone, just the normal state of the market. True hedging might first require hedging our own cognitive biases.