In the past few days, there have been noticeably more people calling for bottom fishing.

However, I would like to remind everyone: be cautious about chasing highs!

Many people are saying that a standard "W" double bottom pattern has formed, and they might think that the bottom has already been established.

But please think carefully, if a "W" bottom that anyone can see really can just shoot up like that, is the big player doing charity?

Moreover, the slight upward trend of small candles over the weekend fits perfectly with the method of inducing more buying while controlling the market.

The main force drives a slight rise through small purchases, creating a pattern that appears to go straight up, guiding fearful retail investors to jump in.

Then, once enough retail investors are on board and the market can rely on them to push prices up, the main force quietly starts to sell off slowly, causing the market to show a slow decline, making retail investors think it’s a continuation pattern to buy more at lower prices! Finally, they use a wave of news to violently dump and complete the harvest.

Remember, before a real rise, most retail investors won’t see it, including myself, and we might not see it either. But one thing is certain: the bottom that most retail investors think is the bottom is definitely not the bottom!

However, another drop won't go too low either, because the accumulation of long positions in the 60,000 range is massive, and going back to pick them up isn't realistic.

So I personally believe that the range of 74,000-89,000 will see repeated ups and downs, and in the future, it may present a box-like oscillation pattern. We cannot rule out the possibility of a third or fourth bottom, and perhaps during the fifth or sixth surge, it will suddenly break through $BTC.