Recently, I've heard many voices saying that a super long cycle is coming. During this period, I have been focusing on the rhythm of Bitcoin.
From a technical perspective, the situation is indeed interesting. The weekly chart is about to break through a key vital line, and the monthly chart's fast and slow lines are currently showing a "mid-air refueling" pattern—this kind of signal is usually common during the accumulation phase. However, don't get too optimistic based on this; there will definitely be some repeated shakeouts in the middle, which is normal market behavior.
More importantly, the Bitcoin monthly head and shoulders bottom pattern has been clearly established. The previous correction did not break the neckline of the weekly head and shoulders bottom, indicating that the support is still intact. Many people online are calling for a short position, but as long as the price does not break the 2100 key level, the bullish market pattern remains valid.
Regarding the target for the market, I personally think it depends on whether this round can push towards the psychological threshold of 5000. If it really breaks out, my trading plan is as follows: start gradually unloading long positions at around 4000, without greed; at 6000, gradually reduce spot holdings and prepare for the next round.
To put it simply, having experienced countless roller coasters in this market, maintaining a steady mindset is essential. Trust the technicals, respect the price action, avoid chasing highs, and don't surrender prematurely. Whether it breaks the previous high or not, time will give the answer.
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Layer3Dreamer
· 9h ago
theoretically speaking, those h&s formations are giving me major interoperability vibes... like if we model the support structure as a recursive SNARK verification across timeframes, the 2100 level honestly hits different. not gonna lie though, the whole "5000 target" narrative feels like we're forgetting the blockchain trilemma applies to price action too lol
Reply0
BoredWatcher
· 9h ago
The head and shoulders bottom is back again. I've heard this explanation for three years.
View OriginalReply0
DiamondHands
· 9h ago
Talking about the big cycle again... Do you really think it will come this time?
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Whether it breaks 2100 or not is the real test, stop drawing lines all day
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I also see the head and shoulders bottom, but who knows if this time is real or fake
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If you can't sell 5000, it's a joke. I bet fifty cents
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Wash out, wash out, and in the end, a bear market emerges
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What’s with the calm? You should cut your losses when it's time
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Are you serious about unloading at 4000 or just joking?
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I don't know if the support is there or not, anyway, my money is in the process of cutting losses
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What if it rises this time? I’ve already cut my losses
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Reducing positions at 6000... Easy to say, but would you dare to move at 6000?
View OriginalReply0
MetaverseVagabond
· 9h ago
As long as 2100 isn't broken, it's not a big problem. Let's wait and see.
Recently, I've heard many voices saying that a super long cycle is coming. During this period, I have been focusing on the rhythm of Bitcoin.
From a technical perspective, the situation is indeed interesting. The weekly chart is about to break through a key vital line, and the monthly chart's fast and slow lines are currently showing a "mid-air refueling" pattern—this kind of signal is usually common during the accumulation phase. However, don't get too optimistic based on this; there will definitely be some repeated shakeouts in the middle, which is normal market behavior.
More importantly, the Bitcoin monthly head and shoulders bottom pattern has been clearly established. The previous correction did not break the neckline of the weekly head and shoulders bottom, indicating that the support is still intact. Many people online are calling for a short position, but as long as the price does not break the 2100 key level, the bullish market pattern remains valid.
Regarding the target for the market, I personally think it depends on whether this round can push towards the psychological threshold of 5000. If it really breaks out, my trading plan is as follows: start gradually unloading long positions at around 4000, without greed; at 6000, gradually reduce spot holdings and prepare for the next round.
To put it simply, having experienced countless roller coasters in this market, maintaining a steady mindset is essential. Trust the technicals, respect the price action, avoid chasing highs, and don't surrender prematurely. Whether it breaks the previous high or not, time will give the answer.