Many people have been pessimistic about the market, saying a bear market is coming. I don't think so; the overall market indicators are bullish.

From the information perspective, the US government's restart is a positive for the market. However, when the last rally reached 98000, not only did we enter the spot market, but in the following days, as Bitcoin rose, it was seen that many whales had entered the market with large capital. In fact, there was a vague consideration that the market should have a mentality of touching the bottom range before rising.

However, it was not considered that it would crash to 96000, which I never expected. But from historical trends, every time the bull market starts, there is a bottom correction in the rising candlestick pattern, but the overall MA60 is moving up. From the candlestick perspective, the rebound should be around 10w and will not be lower than the last low of 98000.

But the final result is as such; the market crashed to 96000. The so-called whale contracts' long positions were basically swept out during this wave, and these people are the main reason for this market crash. The buying volume at the bottom was too large.

Alright, don't panic. Although the positions laid out at the spot price of 98000-10w are trapped, they can be held for the long term. As for the contracts, do not short; focus on going long, and strong liquidation will lower the points. Wait for the rally! $BTC #行情分析📈