Market sentiment is sensitive (not panic), sudden drop without reason, some people associate it with the 'double top' history after BTC reached a new high of 69,000 in 2021.

It was previously mentioned that there are clear differences in the long-short game, the market has bubbles and also shows signs of 'tightening'. I am cautious in the short term: BTC can break new highs, but it's difficult to quickly surpass 125,000; ETH should be careful when chasing highs.

Some believe 'this time is different, it will be a bulldozer mode', but the laws of supply and demand in the market remain unchanged. After today's drop, some are asking whether we are entering a bear market, which shows the market's sensitivity: both hoping for a rise and fearing a high.

Currently, being bullish is 'politically correct', and bloggers are expressing caution. But I'm not bearish: in the long term, the chips, consensus, and whale behavior of BTC and ETH are all healthy, and should be viewed positively, though the short term may be weak.

I mentioned the URPD rule earlier: a massive volume bar is likely not the top, and currently, 117,000 is the highest massive volume bar, with prices in the middle of the 'double anchor structure', which can be verified over time.

In summary: the outlook is bright, but the process may be tortuous. $BTC $ETH $XRP #加密市场回调 #山寨季何时到来？ #币安钱包TGE