We all asked the same question: is this the end of the cycle or will it be different from 2021? 3 things to remember from this doubt, even if it seems like a trap:
_Fundamentally, all on-chain indicators show that we are still far away.
_Two schools play a role here: technically, a double top that is forming should close below the last low of the bullish cycle (72000 USDT) to confirm the reversal pattern.
_Let's talk about the correlation between BTC and M2 (global liquidity supply and demand in the world market); there is not yet a divergence compared to the 2021 cycle.
In summary, even if doubt is present, the bullish market cycle is still positive, and we can avoid a trap by monitoring the 3 keys that I specified.
_Fundamentally, all on-chain indicators show that we are still far away.
_Two schools play a role here: technically, a double top that is forming should close below the last low of the bullish cycle (72000 USDT) to confirm the reversal pattern.
_Let's talk about the correlation between BTC and M2 (global liquidity supply and demand in the world market); there is not yet a divergence compared to the 2021 cycle.
In summary, even if doubt is present, the bullish market cycle is still positive, and we can avoid a trap by monitoring the 3 keys that I specified.