$BTC has broken the ATH; many parties have viewed this section as two peaks reversing into a downtrend, mainly due to a lack of understanding of Ichimoku clouds. I assert that with the clouds as they are now, there is a 99% chance there will not be two peaks here; $BTC may correct but will continue to rise.

After breaking the ATH, according to theory, it will move to the following phases:

1. Price Discovery Phase

When the price surpasses the ATH, there will be no resistance above; it will enter a phase of seeking new highs. During this phase, positive news will continuously support the upward trend, attracting new capital and starting to trigger FOMO.

2. Parabolic Advance / Mania Phase

This is the fastest and strongest growth phase in a short time, usually at the end of the bull market cycle. This phase witnesses a massive influx of retail investors, with trading volume skyrocketing. Market emotions are euphoric and at an extreme level of greed.

3. Distribution Phase

The market makers and big players are quietly selling while retail investors are buying in. During this phase, market sentiment remains very positive, with good news continuously emerging along with many 'Bull Traps' luring retailers to FOMO at the peaks.

4. Correction Phase / Bear Market

Prices drop sharply and persistently. Market sentiment shifts to panic, fear, and frustration. Most retailers will give up, cut losses, and leave the market; this is when the market enters the re-accumulation phase, waiting for a new cycle.

Each cycle has a different story, and the way it unfolds is not entirely the same, but they all go through these phases. Many people always say 'this time will be different', but in the end, the result remains the same. This is the essence and operation of all financial markets.

Bitcoin has increased for 7 consecutive weeks. In the past, there have been 4 instances of a 7-week consecutive increase, of which 3 times saw slight corrections before continuing to rise sharply, and 1 time corrected near the starting point but then rose strongly again. Additionally, there was only 1 instance of an 8-week consecutive increase, with a slight correction followed by a strong rise. This time surely won’t be different, right?

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