$BTC $ETH $SOL A big drop is imminent, but Bitcoin is set for the 2026 halving
Every time Bitcoin reaches a previous high, the subsequent drop is around 40% to 50%. This time, Trump's entry into the market cannot change this pattern, and Wall Street cannot change it either.
This time, exchanges have already depleted all profits from both old and new users. The current price of around 97500 is due to Wall Street's involvement, but Wall Street cannot change the rules of the crypto market: three years of bear market followed by one year of bull market. The last spike at the end of the bull market has been completed, and we have now officially entered the bear market's reflective phase, scaring off some short sellers, with multiple attempts above 100000, intimidating the shorts.
A drop to 70000 is now a certainty; the shorts have already been preparing for this. The next time the price plummets to 70000, it won't just be over 800,000 people liquidated; the next liquidation will trigger 1 million liquidations in both the Eastern and Western markets, resulting in over 2 million liquidations: 500,000 shorts, and a reversal will lead to a massive short squeeze.
The 90% drop in meme coins is already evident; first, meme coins dropped 90%, with market makers pocketing profits and withdrawing liquidity, no longer injecting funds.
The 90% drop in AI coins is also evident, as market makers have become the main force for shorts, pushing prices down with full force.
L1 sector has dropped around 50% to 80%, which is fundamentally due to liquidity exhaustion.
Bitcoin hasn't dropped yet, but it is slowly lowering its level, preparing for a significant drop, brewing a return to the 70000 position for a few days of consolidation.
I expect that if Bitcoin drops to 70000, it will last for three days, solidifying this plunge, and after three days, it will return to 80000.
Perhaps Bitcoin will go above 100000, but it will not change the structure of this bear market. The rise will have two effects: it will trick the bulls and scare off the shorts, achieving both goals, while the main force continues to build short positions at high levels.
In the Chinese crypto market, do not be fooled by those bloggers in the square urging you to go long; they are writers for institutions, exchanges, and market makers. They are out to profit off the unsuspecting.