I think this bull market definitely won't be like it was in 2021, where we see a double top by the end of 2025. I still believe the overall trend of the bull market is there, but Bitcoin (BTC) is clearly in a weekly adjustment phase, and this adjustment is almost halfway through. You have to know that without interest rate cuts, Bitcoin has no chance of bottoming out and rebounding to new highs! If it can stabilize at around $90,000 in May, that would be a great blessing!
The duration and extent of this adjustment have been much more intense than I previously thought! If the bull market can continue, it probably won't end hastily in June or July; it’s more likely to wrap up in September or October. However, I still don't believe it can hold out until the end of the year to form a double top!
But the market is unpredictable, we still have to take it step by step. Anyway, in the later stages of the bull market, we must sell our coins in batches to clear our positions. If we make money, we should withdraw quickly and not keep thinking about 'opening up the pattern'! Money in hand is security, don't get tempted to jump back in to catch the bottom with the money we just sold!
To be honest, this bull market has completely been manipulated by Wall Street! They are in sync with Trump, laying out plans in advance, frantically hyping things up, and rushing to cash out, leaving us retail investors in a terrible spot! Now, Chinese people basically have no voice in the crypto space, and no one listens when we speak! In the future, we shouldn't have too many fantasies about the crypto market, and we must operate conservatively; simply holding onto Bitcoin long-term is the way to go, preserving our principal is key!
Also, in the next two to three months, those institutions might turn around and start trading Ethereum (ETH), since Ethereum still has a lot of room for growth. By then, those brothers who swapped altcoins for Bitcoin at the bottom to save themselves might end up getting cut again; the more I think about it, the more precarious it feels!
Even if the bull market ends and the market crashes, Bitcoin won't plummet like before. Previously, it could drop 50% in three months and 80% in a year, but that kind of situation is unlikely to happen again. Now Bitcoin is being watched by large funds and institutional funds on Wall Street; even publicly listed companies are using it as market-making and reserve funds, and even small countries are using it as foreign exchange reserves! Rich people and companies treat it as a store of value asset, after all, it can increase 2 to 5 times every four years, which is very tempting! But because of this, Bitcoin is no longer something that we beginners and small retail investors can easily handle!