$BTC I clearly stated in my posts and live stream that the market would have a correction in early May, and there will not be a bull market for now. Whether it’s the combination of monthly cycles, weekly, daily, and 12-hour indicators, or the comprehensive analysis of news events, there is no reason or condition for capital to push the market up again.
The market always goes through cycles of harvesting, even the big spike on November 5 last year only had a one-month cycle before the market corrected and capital was sold off.
So what you see recently with the market at 92800-95000 is just a slight upward push that has already lasted for 11 days. If capital wanted to raise prices, a direct push to 99500 followed by consolidation would be the most perfect scenario. But why hasn’t that happened? It’s merely to bait the bulls into selling early and consolidating. Some newbies think capital wouldn’t be foolish enough to let retail investors enter at low prices. I just ask you: did you buy at 74500? Did you ride it up to 95000? Is capital afraid of you bottom fishing? Capital needs a drop and consolidation to activate the market; only when it’s active can it dig the right holes for everyone to jump in. Last year’s black swan event on the 85th didn’t see many successful bottom fishers; rather, it resulted in heavy losses. This market is like that; the vast majority of players are always late to the game, missing important logical analysis and entry opportunities.
This week, I mentioned in my posts and live streams that the market is expected to decline and consolidate in early May. I do not recommend going long; instead, you can observe and wait to buy the dip afterward. After all, the trend in May is expected to rise after a period of decline and consolidation, leading to a stable upward trend in the monthly cycle - that’s a guaranteed way to profit. For those who can’t hold back and are aggressive, they can choose to short and profit from this decline and consolidation.
Last night in the live chat, a fan was aggressive. I advised him to short near 96300 and ride the trend instead of choosing a long position. This is based on an overall analysis and prediction of the market. Currently, the market has maintained a profit of several hundred. At this point, what this fan needs to do is set his stop loss 100 points below the entry point of 96300, which is 96200. Take profits and continue to look for a downward movement, or take a wave and exit. This depends on your position size and profit expectations.
