As I mentioned yesterday, after the midterm election results came out, I actually think it would have been better if Bitcoin had moved quickly in the direction the market had already established as the obvious outcome.

But when we see another uncertain rally like this, people start reinterpreting or reshaping existing narratives to fit the price action, creating fresh bullish expectations.

In the end, investors keep going through cycles of hope and disappointment, making the market increasingly difficult to navigate.

And now, we're also seeing a sharp decline in the U.S. stock market.

There's something I've been emphasizing for a while.

If Bitcoin had already gone through a sufficient accumulation phase before starting its major rally, I think the upward momentum would have been much stronger, with a faster and steeper rise.

And if I had seen that kind of market structure, I wouldn't have sold all my Bitcoin at the end of September.

However, based on my own analytical framework, I still believe the market needs more time for accumulation.

That's why, even if Bitcoin experiences another significant drop, I think it could take much longer than many expect for the market to establish a meaningful bottom and transition back into an uptrend.

On top of that, the broader macro environment, U.S. equities, and the political landscape don't look particularly favorable right now.

Given these conditions, I don't think this is the time to rush into decisions or feel pressured to act quickly.

The more complicated and uncertain the market becomes, the more important it is to stick to your own analytical framework and wait patiently.

When you become impatient, your judgment can easily get clouded. And decisions driven by impatience often lead to poor outcomes.