The following script is likely to unfold like this:
Currently, many people are worried whether the market will replicate the 'double top' pattern, just like in 2021 when the price oscillated between 65,000 and 69,000 for half a year. This situation is indeed possible, but if the main force really wants to create a double top, they usually will first initiate a rapid increase to clear out the short positions. After all, the current market sentiment is quite bearish, especially near historical high levels, with technical signals like RSI divergence and MACD crossovers glaringly present. Most people either short or stand on the sidelines—who dares to go long against the trend? Very few have that kind of courage.
In this case, the main force is likely to do the opposite. I guess ETH will slowly crawl towards 3000 like a frog in warm water, while BTC might suddenly surge past the previous high and rush to around 110,000. At this point, the funds sitting on the sidelines will start to feel restless. When the price breaks the historical high, the conventional stop-loss levels for short positions will collectively fail, leading to a sharp increase in risk exposure for short positions—after all, new highs often accompany accelerated market movements, and under the pressure of a short squeeze, many can only close their positions and admit defeat.
But the climax often comes later: when everyone starts following the trend and chasing the rise, if the main force suddenly turns the tables, for example, BTC suddenly crashes back to 100,000 or 3000 drops to 2500 or even lower, market sentiment can quickly turn to panic. This rollercoaster-like washout effect is extremely effective: it not only sweeps away those chasing the highs but also shakes out positions with stop losses, allowing the main force to buy back at lower prices, creating space for subsequent rallies—after all, most people cannot withstand this level of volatility, and those who remain are the real survivors.
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