Bitcoin Accumulation Downward Pattern

A top structure where the main force sells off their chips in a sideways manner

This is a common tactic used by market makers

Before a real bull market arrives, there will definitely be a significant drop

This recent pump was too sudden, with no pullback at all, and no proper retest action, it was a blatant attempt to lure in more buyers

Now some people say we have entered a bull market, but I believe it is too early for that

First, I have never seen a situation where only Bitcoin rises while other altcoins remain at the bottom; this clearly does not align with bull market logic

Second, there have been a lot of positive news these days, such as tax cuts and future interest rate cuts

Previously, when Bitcoin plummeted to 74,000, there was a lot of bad news

Third, this rise was a swift upward movement without any substantial positive news to support it, which certainly cannot sustain the subsequent rise in coin prices; the main force cannot be so kind as to drive up coin prices to help retail investors break even; the purpose of driving up prices is to trap more retail investors

Fourth, the market's panic sentiment has not reached a freezing point; every major uptrend typically starts after a significant drop, when everyone has given up their chips, market makers will not genuinely pump the price unless they acquire 'bloody' chips

Friendly reminder: a real significant drop is not happening now; the current rise does not change the intentions of the main force