During market adjustments, watching the profits in hand continuously shrink is indeed a painful experience. But this is the essence of the market—good entry opportunities are often hidden in places where most people feel uncomfortable. The market makers need to push from both ends: exhausting the holders to the point of wanting to sell, while creating the illusion for those who haven't entered that "it's still cheap to buy now." Only in this way can a full transfer of chips be achieved.
The current Bitcoin trend is exactly this state. The oscillating market with three steps forward and two steps back makes people easily think "this wave of the market is over." But it can't seem to fall further, repeatedly wearing down everyone's patience. When everyone is mentally exhausted, a rebound is likely to occur.
From a technical perspective, Bitcoin's monthly chart has been declining for three consecutive months. If nothing unexpected happens, this month's monthly candle is likely to close in the green. Based on this analysis, the probability of Bitcoin rebounding to around 98,000 is quite considerable. The key is to endure this psychological test period.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
WalletDivorcer
· 01-09 02:53
I'm exhausted, really... I can't endure it anymore
---
It's the same old story, do you believe it this time or not?
---
98,000? I bet five bucks it'll crash by the end of the month
---
The patience test part, the big players are really ruthless
---
Why is it always "the key is to endure," I've already endured to the point of exhaustion
---
Stop making things up, it'll still fall next month
---
So should I buy the dip or run now, everyone?
---
Monthly chart closes positive? I doubt it
---
Psychological test? My wallet is the real test
View OriginalReply0
DeadTrades_Walking
· 01-09 02:47
Enduring and waiting, the hardest part is when you're just waiting for that moment. Can 98k really come? It feels like this wave the big players are controlling us to death.
View OriginalReply0
¯\_(ツ)_/¯
· 01-09 02:46
Here we go again with mental preparation, making me feel like I can really hold out until 98k.
View OriginalReply0
SchrodingerPrivateKey
· 01-09 02:41
Those who can't hold on have already left, and those remaining are waiting for a rebound. I bet this month's monthly candle will close bullish.
The continuous decline is the most annoying, but that's just clearing out those with poor mentality. 98k is really not far away.
It's that same narrative again—"the big players are cutting the leeks." I just believe in the upcoming rebound and don't buy into fate.
I'm truly mentally exhausted, but I think the bottom signals are clear. Let's wait and see.
Damn, they're starting to mess around again. Why torment ourselves like this? There's a probability that the monthly candle will close bullish.
During market adjustments, watching the profits in hand continuously shrink is indeed a painful experience. But this is the essence of the market—good entry opportunities are often hidden in places where most people feel uncomfortable. The market makers need to push from both ends: exhausting the holders to the point of wanting to sell, while creating the illusion for those who haven't entered that "it's still cheap to buy now." Only in this way can a full transfer of chips be achieved.
The current Bitcoin trend is exactly this state. The oscillating market with three steps forward and two steps back makes people easily think "this wave of the market is over." But it can't seem to fall further, repeatedly wearing down everyone's patience. When everyone is mentally exhausted, a rebound is likely to occur.
From a technical perspective, Bitcoin's monthly chart has been declining for three consecutive months. If nothing unexpected happens, this month's monthly candle is likely to close in the green. Based on this analysis, the probability of Bitcoin rebounding to around 98,000 is quite considerable. The key is to endure this psychological test period.