On the 15th of this month, at the historical peak of $BTC , I expressed my personal views on Bitcoin. Due to the unprecedented price, we lacked reference information. We could not predict where the price would face obstacles. Therefore, I concluded with 'avoid trading.' At this point, any traditional trading logic would completely fail, and the barrage of news came from all directions.
By the end of the month, the market seemed to begin to clarify, and the continuous decline for half a month represented: many chips that chose to give up due to being overwhelmed around 10,000 are about to be burned out.
The fifth wave has thus ended!
Any future bullish candles will be the dying struggle of retail investors!
This adjustment regarding the purple line's fifth wave will last for a while, with the first target around 90,000, i.e., the red area.
But please remember: do not let the crowd's anger lead to turmoil. And do not let the joyous atmosphere lead to unrealistic expectations.
