From a technical perspective, the weekly level has formed a double top structure, while the daily level is approaching the bottom area. This contradiction has divided market participants into several factions: die-hard bulls firmly believe that the bull market is still on, bears are starting to sing a bearish tune, some think the bull market has already ended, and there are still a group of people who are constantly on edge, fearing that the market will end.

The main players are most skilled at making everyone uncomfortable. Right now, the bulls who are fully invested have set a defense line around 85,000 points; the main players will either not give any opportunity to cover and directly push the market up, or violently break through this position to explode the bullish positions. Those who are shorting are also uncertain; if the price makes a slight new high, they will quickly reverse to go long. These fence-sitters are the easiest prey. As for those who keep shouting "the bull market is over," they now only dare to test with small positions; when they finally go heavily short, it may be the time when altcoins take off. The worst off are those retail investors who chase highs and cut losses; the main players love to create fluctuations, making them repeatedly suffer.