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Now you're being told to blindly rush in, saying "Bitcoin will quickly return," most likely by those teachers who shouted at you to go short around 79,300 last Friday, claiming a waterfall was coming soon.
When it rises, you blindly go long; when it falls, you blindly go short. You can't even understand the flow of funds in the market, so don't come out here misleading others.
The market is now very clear: some altcoins are starting to see outflows, and BTC dominance is beginning to decline.
What does this mean?
I've already said this many times before; I won't repeat it here.
All I can say is that the market has started entering an emotional acceleration phase. The more this happens, the easier it is to see a final push to the top, luring traders into false hopes.
So, for more aggressive traders, I think there's no problem shorting at the current price.
Although the theoretical top might still be in the 84,000-85,000 range, such an accelerated rally isn't something everyone can perfectly catch. If you wait for the most perfect entry point, often you'll only miss out.
The market won't always give you a comfortable entry point.
When it's time to act decisively, don't hesitate. $BTC