Regarding this wave of bull market, it can be said that most retail investors are only belatedly aware of it. This wave of market can be understood as a calf market. The overall market did not last long and ended from October last year to March this year.

Many people would say is it really over? My personal opinion is that it is currently the case. There will not be much market movement at least in the next 6-8 months. Therefore, Bitcoin may usher in a major correction recently. The reasons are as follows:

1. The top of the weekly level. Bitcoin is currently ushering in an epic weekly top form. This form actually indicates that the market will have a relatively large plunge. But if the market wants to go into a violent bull market, it must form a cup-and-handle pattern at the weekly level.

Only when the cup-handle pattern at the weekly level emerges, can the market rise sharply, reaching 150,000 U or even 20 Wu.

2. The top of the monthly line of the Cloud Atlas system. First of all, the monthly line of the Cloud Atlas system has a strong reference value. The top of almost every wave of bull market is the top of the monthly line level. Therefore, the market may usher in the monthly line level of the Cloud Atlas system. callback.

As shown in the figure, the top shape of the monthly level can basically determine that the market is going to have a monthly correction.

3. Weekly level

Almost every double top at the weekly level is accompanied by a very large callback, and the same is true for the previous callbacks. Therefore, the current double top at the weekly level can also be seen from the current shape of Bitcoin, which has arrived. When it's going to fall, therefore, be defensive.

4. News surface

Almost all the good news has been released at this stage, and the good news will be bad when it comes to fruition, and almost all analysts believe that it will rebound after the correction reaches more than 50,000, whether it is 56,000 or 59,000, exchange qun＋榦: LTLQ1717 Therefore, where everyone thinks it will stay, the market will definitely not stop, and may even have a crash-like trend.

Finally, I personally believe that in trading, defense must be more important than offense. Learning to defend will allow you to survive in this market longer. As long as you survive, you will have the opportunity to make money, so no matter how hard the emotions in the market are Fomo, keep calm and don't get ahead of yourself.