【The biggest illusion retail traders have: thinking that when BTC rises, the bull market is back】
When many people see BTC up 10%, their first reaction is, “The bull market is back—hop on quickly.” I used to think that way too.
But the reality is that BTC is still 31.4% away from its all-time high. Falling 30% from the ATH—what bull market is that? That’s a deep correction.
During this period watching BTC, I went through a shift in my understanding. At first, I also thought that since FNG hit 71 and market sentiment looks optimistic, maybe I should be more proactive. But when you look closely at trading volume, it’s pitifully low. The market is watching and waiting—it’s not running into the entry.
What truly changed my view was another signal: in the historical range where BTC pulls back more than 30% from the ATH, it has been a value area that long-term capital starts paying attention to. Over in the U.S., they’re still pushing a bill to make the government’s Bitcoin reserves permanent. Oil prices have broken below…
When many people see BTC up 10%, their first reaction is, “The bull market is back—hop on quickly.” I used to think that way too.
But the reality is that BTC is still 31.4% away from its all-time high. Falling 30% from the ATH—what bull market is that? That’s a deep correction.
During this period watching BTC, I went through a shift in my understanding. At first, I also thought that since FNG hit 71 and market sentiment looks optimistic, maybe I should be more proactive. But when you look closely at trading volume, it’s pitifully low. The market is watching and waiting—it’s not running into the entry.
What truly changed my view was another signal: in the historical range where BTC pulls back more than 30% from the ATH, it has been a value area that long-term capital starts paying attention to. Over in the U.S., they’re still pushing a bill to make the government’s Bitcoin reserves permanent. Oil prices have broken below…