Crypto飞哥
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The following script is likely to be as follows:
Currently, many people are worried about whether the market will form a "double top" pattern, just like at the end of the bull market in 2021, when BTC formed a double top at 65,000 and 69,000 after a six-month interval, successfully trapping a large number of people. I think this situation may occur, but before forming a "double top," the main players often initiate a rapid rise to "wash" out those who are shorting. Why? Because the bearish sentiment in the market is currently very strong, many people are waiting to short at this position, especially since this position is close to the historical high, and technical indicators also show signals like divergence and death crosses. It seems that everyone is left with the choice of either shorting or waiting. Just think, if everyone is bearish, would you dare to go long? Most people will definitely choose to short.
Therefore, the main players are likely to use this sentiment to launch a rebound. My expected scenario is that Ethereum may gradually rise, slowly approaching the 3,000 position, where the upward momentum may weaken, while Bitcoin may suddenly break through the previous high, reaching around 110,000. At this point, the cautious funds in the market may start to take risks and chase higher prices.
Once the price breaks through the new high, the stop-loss levels set by those who went short earlier may become ineffective, and the risk for shorts will sharply increase. After Bitcoin breaks its historical high, it often signifies that there will be a larger market trend ahead, forcing shorts to cover, and the market sentiment may begin to turn panic, with everyone rushing to chase the price up.
However, if the main players suddenly change direction and initiate a sharp decline, for example, if Bitcoin returns to around 100,000, and Ethereum pulls back from 3,000 to 2,500 or even lower, the market will again fall into chaos, and panic sentiment will spread once more. Many retail investors may cut their losses during this volatile wave.
The effect of this round of pullback and washing is dual: on one hand, it clears out those retail investors eager to chase higher prices; on the other hand, it also relieves pressure for the subsequent rise. After all, most people find it difficult to bear such large fluctuations, and many may stop-loss during this drop, allowing the main players to buy back shares at a lower price, preparing for the next wave of increase.
Currently, many people are worried about whether the market will form a "double top" pattern, just like at the end of the bull market in 2021, when BTC formed a double top at 65,000 and 69,000 after a six-month interval, successfully trapping a large number of people. I think this situation may occur, but before forming a "double top," the main players often initiate a rapid rise to "wash" out those who are shorting. Why? Because the bearish sentiment in the market is currently very strong, many people are waiting to short at this position, especially since this position is close to the historical high, and technical indicators also show signals like divergence and death crosses. It seems that everyone is left with the choice of either shorting or waiting. Just think, if everyone is bearish, would you dare to go long? Most people will definitely choose to short.
Therefore, the main players are likely to use this sentiment to launch a rebound. My expected scenario is that Ethereum may gradually rise, slowly approaching the 3,000 position, where the upward momentum may weaken, while Bitcoin may suddenly break through the previous high, reaching around 110,000. At this point, the cautious funds in the market may start to take risks and chase higher prices.
Once the price breaks through the new high, the stop-loss levels set by those who went short earlier may become ineffective, and the risk for shorts will sharply increase. After Bitcoin breaks its historical high, it often signifies that there will be a larger market trend ahead, forcing shorts to cover, and the market sentiment may begin to turn panic, with everyone rushing to chase the price up.
However, if the main players suddenly change direction and initiate a sharp decline, for example, if Bitcoin returns to around 100,000, and Ethereum pulls back from 3,000 to 2,500 or even lower, the market will again fall into chaos, and panic sentiment will spread once more. Many retail investors may cut their losses during this volatile wave.
The effect of this round of pullback and washing is dual: on one hand, it clears out those retail investors eager to chase higher prices; on the other hand, it also relieves pressure for the subsequent rise. After all, most people find it difficult to bear such large fluctuations, and many may stop-loss during this drop, allowing the main players to buy back shares at a lower price, preparing for the next wave of increase.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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