In the cryptocurrency market, Bitcoin ($BTC ) is often regarded as the leader, and its price fluctuations have a significant impact on the entire market. Recently, the price of Bitcoin has been above $68,000, which is undoubtedly a relatively high level for many investors. Sentiment has become mixed at these highs, with investors hesitant about whether to enter or exit the market, a sentiment that is not uncommon in the market.

The current market trend of Bitcoin shows strong momentum. Although a correction is generally expected, Bitcoin has shown a price increase that breaks through the previous high in every 4-hour cycle, which makes short investors worried about the price. There was a sudden rise, and long investors were nervous about such high prices. In recent market dynamics, the price of Bitcoin has fluctuated frequently, and this "pin insertion" phenomenon has become more and more common in the market.

From a technical analysis perspective, Bitcoin appears to be in an independent trend right now, while Ethereum and other altcoins are relatively weak. It’s not just ordinary investors in the market who are worried about Bitcoin’s pin-inserting phenomenon. Those bookmakers and large investors (commonly known as “whales”) who hold altcoins may be more worried and cautious. The Federal Reserve's decision to cut interest rates in November has not yet been implemented, and with the U.S. election approaching, these macro events have brought uncertainty to the market, like a sword hanging over the heads of retail investors. But it needs to be pointed out that no matter what the outcome of these macro events, the final trend of the market is likely to be upward, because for bookmakers, news-level fluctuations are their bargaining chips for operating the market. The essence of the market, in the final analysis, is that a few people profit from the majority. If everyone is making money, who is losing?

In this market environment, investors need not be too anxious. Stay calm and don't be swayed by market fluctuations. If the price of Bitcoin falls below $50,000, the losses may be more to the bookmakers than to ordinary investors. By thinking from a different perspective, we can better respond to the next market situation. The market's upward trend is certain, while the possibility of a major correction is low.If the market does experience a correction, it may attract more investors to enter the market