The next 1 week of market action will test whether this is a real bull market or not‼️
⚠️Judging from the candlesticks, last week’s breakout looks no different from the early stages of previous bull markets; but judging from the emotional backdrop, the difference is huge.
1. Last week saw the highest-ever liquidation volume of shorts, along with the Greed & Fear Index rising to 74—showing that market sentiment has been ignited. However, the true early stage of a bull market is usually hesitant, quiet, and under the radar🤔
2. The U.S. stock index is at a historical high. In prior bull market starts, it also began from low levels.
If within the next 1 week BTC cannot break through 83,000, then the probability of a false breakout will be very high. That would not be the start of a bull market—instead, it would be the death knell for the bulls. After the shorts are wiped out, it’s time to turn the blade toward the longs too🥶
$BTC #比特币64亿美元期权将到期
⚠️Judging from the candlesticks, last week’s breakout looks no different from the early stages of previous bull markets; but judging from the emotional backdrop, the difference is huge.
1. Last week saw the highest-ever liquidation volume of shorts, along with the Greed & Fear Index rising to 74—showing that market sentiment has been ignited. However, the true early stage of a bull market is usually hesitant, quiet, and under the radar🤔
2. The U.S. stock index is at a historical high. In prior bull market starts, it also began from low levels.
If within the next 1 week BTC cannot break through 83,000, then the probability of a false breakout will be very high. That would not be the start of a bull market—instead, it would be the death knell for the bulls. After the shorts are wiped out, it’s time to turn the blade toward the longs too🥶
$BTC #比特币64亿美元期权将到期
