I’m only sharing my personal opinion. If you’re here to be contrarian, please go around.
From a long-term perspective, this is very likely a bull market, but there is one more thing to watch: where will the next pullback find support? If it stops falling at 7.5, 7.3, or 7.1, that’s actually all fine. If it goes lower, say 6.5, then the structure is broken.
So if you haven’t gotten in yet, no need to rush. There will definitely be another chance to enter. The real question is: after a drop, will you still believe it’s a bull market, or will you swing back to being bearish?
Two key points:
1. Before Bitcoin started moving, gold had already started moving 12 days earlier. The patterns are almost identical: after about two months of accumulation at the bottom, both saw three consecutive days of strong gains. Whether it was driven by news or capital flows, the two are correlated, and Bitcoin also broke out only after two months of bottom accumulation.
The support line for gold’s bottom accumulation is at 4200. Last week’s non-farm payroll data was strongly bearish, but after dipping to around 4300 at the low, buying quickly increased and pushed prices up sharply. This shows that market demand is very strong, which is a sign of a bull market.
2. Most people have experienced bull markets before. Take a look at around May 10, 2025: after about two months of accumulation, ETH posted three straight days of big green candles, then moved sideways again in the 2500 range for another two months, after which it broke upward again all the way to 4900. In total, that took about five months. The front end of this bull run looks very similar to the current trend: bottom accumulation, three straight days of strong gains, and high-level consolidation. The bull trend is obvious.
Of course, no one can say for sure that it is definitely a bull market, because it still needs one pullback to confirm. In the early phase of the 2025 bull market, there was a deep 50% retracement before the second wave began. Looking back, that was just a shakeout: clearing weak hands, lowering the cost of the next push, and reducing the load. The main players are not here to dress everyone else in profit.
So set your expectations: within about a month there should be a deep correction, and then the second wave up should begin. If you believe this is a bull market, that will be your second chance to enter. If you don’t believe it, that’s fine with me—I’m only sharing my personal view, believe it or not, it’s up to you. If there is no pullback, then either stay on the sidelines and wait for the bull to end, or chase a breakout trade. There’s no other way. #BTC #ETH
From a long-term perspective, this is very likely a bull market, but there is one more thing to watch: where will the next pullback find support? If it stops falling at 7.5, 7.3, or 7.1, that’s actually all fine. If it goes lower, say 6.5, then the structure is broken.
So if you haven’t gotten in yet, no need to rush. There will definitely be another chance to enter. The real question is: after a drop, will you still believe it’s a bull market, or will you swing back to being bearish?
Two key points:
1. Before Bitcoin started moving, gold had already started moving 12 days earlier. The patterns are almost identical: after about two months of accumulation at the bottom, both saw three consecutive days of strong gains. Whether it was driven by news or capital flows, the two are correlated, and Bitcoin also broke out only after two months of bottom accumulation.
The support line for gold’s bottom accumulation is at 4200. Last week’s non-farm payroll data was strongly bearish, but after dipping to around 4300 at the low, buying quickly increased and pushed prices up sharply. This shows that market demand is very strong, which is a sign of a bull market.
2. Most people have experienced bull markets before. Take a look at around May 10, 2025: after about two months of accumulation, ETH posted three straight days of big green candles, then moved sideways again in the 2500 range for another two months, after which it broke upward again all the way to 4900. In total, that took about five months. The front end of this bull run looks very similar to the current trend: bottom accumulation, three straight days of strong gains, and high-level consolidation. The bull trend is obvious.
Of course, no one can say for sure that it is definitely a bull market, because it still needs one pullback to confirm. In the early phase of the 2025 bull market, there was a deep 50% retracement before the second wave began. Looking back, that was just a shakeout: clearing weak hands, lowering the cost of the next push, and reducing the load. The main players are not here to dress everyone else in profit.
So set your expectations: within about a month there should be a deep correction, and then the second wave up should begin. If you believe this is a bull market, that will be your second chance to enter. If you don’t believe it, that’s fine with me—I’m only sharing my personal view, believe it or not, it’s up to you. If there is no pullback, then either stay on the sidelines and wait for the bull to end, or chase a breakout trade. There’s no other way. #BTC #ETH
