It's too early to say the bull market has peaked!
Why it’s not the market peak: Institutions never enter the market to buy at the peak; instead, they choose to buy on the dips.
Institutions 'buy on every dip' + ETF funds are returning.
With Bitcoin ETF starting to see capital inflows, it’s clear that institutional funds haven't withdrawn and are still pouring in, so it’s definitely not the peak of the bull market now.
Pullbacks are common in a bull market, and once the drop is over, rebounds happen quickly. However, washouts and liquidations often occur, especially in contracts.
Only when the chips are exchanged appropriately will the next round of increases begin.
From the weekly 'double top probing' pattern at $BTC , it is highly likely that around 124500 will be the peak of this round of the Bitcoin bull market.
There are temporary signs of a stop in the intra-day short position, and there will be a small rebound. Even if bearish, one should not blindly chase shorts anymore.
$ETH Even if the overall trend is upward, there will still be weekly level pullbacks.
4958 may not necessarily be the peak; the possibility of a breakout is still quite high.
The closer it gets to 4000, the more cost-effective it becomes; entering the market can be considered.
A sharp drop does not necessarily mean the bull is over.