For anyone who has a deep understanding of volume-and-price trading or Wyckoff analysis, they should all have the same question about Bitcoin:

Almost all of Bitcoin’s phase-based bottoms are successful second tests! So, is the Wyckoff conclusion about secondary tests useful?

The answer may not be what everyone expects: I believe Wyckoff’s judgment about secondary tests at the bottom is often useless for Bitcoin, because the secondary tests on Bitcoin are almost always successful. That’s too “buggy”—it makes me wonder whether the next one will work.

But when we apply volume and price to other stocks, a surprising scene happens. Most of Nvidia’s secondary tests end with heavier supply (failures)! And yet, it continues to rise most of the time?

Volume and price won’t lie. Many stocks are pumped up with hype and private strategies.

And Bitcoin is rising in a healthy way—there are fewer sellers in the market, so the price climbs, and sometimes it even rises while the market is being suppressed.

That’s also why Bitcoin will still have another super bull market in the future!