Bitcoin can't break through 80,000 USD, will it fall below 70,000 USD next? Is the main theme of the cryptocurrency market rebound and decline in 2025?

The day before yesterday, most cryptocurrencies rose by over ten points, but now everyone is numb to it,

A few months ago, a rise of over ten points caused immense greed, fearing missing out,

Now, a rise of over ten points is hardly believed to signal further increases; instead, it is viewed as a trap, a great opportunity for shorting,

Indeed, yesterday Ethereum and other coins corrected by 7-8 points, and those who shorted are very pleased, believing the market is moving as they expected,

If you think about it, when the market rose at the end of last year, those who were bullish were not any different; they saw significant increases and jumped in blindly, believing a bull market was here and madly increased their positions during the rise, only to have their faith shattered by the corrections over these past few months.

In reality, most people have made money in the cryptocurrency market; when prices rise, they get bold and buy in, and as the market continues to rise, they always manage to profit. However, they ultimately fail to judge when the upward trend ends and end up losing their gains,

Similarly, there were major declines in 2022, significant drops in 2023, and more in 2024. But why do so many people only enter the market after a substantial rise? The fundamental reason lies in their inability to timely judge when the market stops declining and failing to recognize the end of a downward trend.

Investment is ultimately driven by one goal:

For bullish views, it must be when the market has fallen as much as it can and is about to reverse, requiring timely judgment and decisive entry,

For bearish views, it must be at the end of an upward trend, identifying signs of a peak in a timely manner, followed by decisive selling.

I see many people now seeing the market rise and starting to talk about shorting; the market is filled with the sentiment of "rebound and decline,"

If the downturn began at 110,000 and one judges that this short-term downward trend has started, I believe this perspective is very correct,

However, those who are expressing this viewpoint now did not have this perspective at the start of the decline; they waited until the recent market drop reached the current level before forming this opinion,

In other words, this viewpoint was not derived from in-depth analysis but rather from observing the prior market movements; after each rebound, the market continued to decline, leading to a subjective belief that further rebounds will also decline.