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The volatility has only just started.
And when the market enters this period, it becomes extremely hard to navigate and it’s where most people make the most mistakes.
Before this move, everyone was bearish, expecting lower.
Now, many are still bearish…. But more unsure.
From here the market becomes even more volatile and misleads you.
Here is how it tends to work.
Next we pump to $86k and a lot of people that were bearish, flip.
They go long at the point where the market locally tops.
They all hit liquidations and bitcoin drops to $78k, making everyone bearish again and they go short again, thinking this was a bull trap.
Then those get liquidated again and bitcoin pushes higher once more.
The market pushes to extremes and then reverses, emotionally manipulating you into making the wrong choice at the wrong time.
That is how it works.
We will get a decent dip at some point, but it will be a bear trap.
And we will keep pushing higher.