The market trend is becoming more interesting now, and many people are worried about whether a 'double top' tragedy like in 2021 will happen again—when BTC peaked twice at 65,000 and 69,000, trapping countless people for half a year.
I also think this possibility exists, but the main players definitely won't let you see the double top directly; they will first play a trick of a 'false breakout'.
Currently, the market sentiment is too bearish, with almost everyone watching historical highs, ready to short. Technical indicators are also showing various bearish signals. In this case, the main players love to do the opposite—first, they will pump the price, and then take out the shorts! I expect ETH may slowly touch around 3,000, while BTC might suddenly break through its previous high and shoot directly to about 110,000. At this point, those waiting to short will definitely be restless, stop-loss orders will be triggered, and observing funds will follow the trend to chase highs.
But just when the market is in a frenzy, the plot will reverse! The main players might suddenly sell off, causing BTC to drop back to 100,000, and ETH to plummet from 3,000 to 2,500 or even lower. This will clean out all the retail investors who chased the highs, and those who just stopped out will be left dizzy. Such violent fluctuations are the main players' specialty—they not only clear out the uncertain bulls but also scare off the timid bears.
When market panic reaches its peak, the main players will just buy back at low levels, preparing for the next real rally.
Remember, in the crypto world, when everyone thinks the market will go a certain way, it is often when the main players are ready to counterattack.
The key now is not to predict where the top is, but to see how the main players play this psychological game!
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