Bitcoin Market Update 📢🛑
1. Previous Predictions Played Out Well:
Bitcoin has moved exactly as anticipated in our previous updates. The market followed the technical and psychological patterns we highlighted.
2. Widespread Bullish Sentiment:
Right now, the overall sentiment in the market is extremely bullish. Most traders and investors are expecting Bitcoin to reach a new all-time high (ATH) soon.
3. All-Time High Is Likely, But Not Immediately:
While Bitcoin is indeed expected to eventually break its previous all-time high, market makers (the big players who control liquidity) may first take advantage of the overly optimistic sentiment. They often create traps by pushing the price slightly higher to lure retail traders (small investors) into opening long positions. Once enough longs are in the market, they tend to manipulate the price downward to "hunt" those stop-losses and shake weak hands.
4. Accumulation, Manipulation, Then Rally:
Before Bitcoin makes its final move toward a new ATH, we expect a period of accumulation (sideways price action) followed by manipulation (sudden dumps or pullbacks). This is a common tactic used by market makers to eliminate retail traders before launching the real bullish move.
5. Emotions Drive the Market:
Always remember that retail trader emotions—fear, greed, excitement—play a major role in how the market moves. Staying emotionally neutral and following a strategy is key to surviving these market phases.