The overall trend is still upward. I have been bullish since 81,000, and I still tell you it will rise. The only significance of the historical peak is to be broken through.

-

Has the distribution of chips started? The FOMO sentiment among short-term holders hasn't begun yet, and the funds from outside and those ready to catch the fall have not entered the market. Are you telling me the bull market has ended?

Bitcoin in the blockchain is different from other fields; the blockchain is transparent and public. In addition to looking at the market and technical aspects, we can also analyze the chip distribution. The chip distribution in this round of market has not yet started. The main force's collected chips are currently only yielding about 16% profit.

There may be a pullback, but every pullback is an opportunity to buy more. Unless the 100,000 level is broken for more than 4 hours, I will only look for a pullback; otherwise, it will be a consolidation phase. You can confidently buy more around 100,000; if it breaks below 100,000 for more than 4 hours, then cut losses. Cutting losses is not shameful; there is no 100% win rate. Those who don't cut losses are just foolish.

Analysis that does not consider chip distribution is not worth looking at. Those who mindlessly shout bearish should be blocked. However, I don't think many people in the forum can understand this post...