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Recently, I've heard many voices saying that a super long cycle is coming. During this period, I have been focusing on the rhythm of Bitcoin.
From a technical perspective, the situation is indeed interesting. The weekly chart is about to break through a key vital line, and the monthly chart's fast and slow lines are currently showing a "mid-air refueling" pattern—this kind of signal is usually common during the accumulation phase. However, don't get too optimistic based on this; there will definitely be some repeated shakeouts in the middle, which is normal market behavior.
More importantly, the Bitcoin monthly head and shoulders bottom pattern has been clearly established. The previous correction did not break the neckline of the weekly head and shoulders bottom, indicating that the support is still intact. Many people online are calling for a short position, but as long as the price does not break the 2100 key level, the bullish market pattern remains valid.
Regarding the target for the market, I personally think it depends on whether this round can push towards the psychological threshold of 5000. If it really breaks out, my trading plan is as follows: start gradually unloading long positions at around 4000, without greed; at 6000, gradually reduce spot holdings and prepare for the next round.
To put it simply, having experienced countless roller coasters in this market, maintaining a steady mindset is essential. Trust the technicals, respect the price action, avoid chasing highs, and don't surrender prematurely. Whether it breaks the previous high or not, time will give the answer.