The era of "Hopiom" for Bitcoin bulls may be coming to an end. Last weekend's decline is likely not just a correction but the beginning of a much larger turning point.

In recent weeks, the market has been intoxicated by a bullish scenario. However, what should be closely watched are the shapes of the candlesticks. Several typical reversal patterns are emerging. Especially on higher timeframes, the formation suggests that this is not just a pullback but a sign of a shift toward a more serious correction phase.

From my personal observation, looking at the price movements this weekend, the support levels that the traditional bulls relied on are beginning to break one after another. Judging from the candlestick movements, the reversal signals seem to be becoming more clear.

What is important is that we are entering a phase where simple expectations of "it will go up eventually" can no longer suffice. The market psychology shift is rapid. How this week's price movements unfold could significantly change the overall market trend.

In the short term, I feel we are in a cautious phase. It is necessary to not miss the reversal signals in the candlesticks and to respond flexibly.