Two perspectives on the market currently

1. Regarding BTC in the long term, the current buying level carries significant risks. However, it is still possible for it to rise in the short term, even though the indicators suggest weakness in the upward movement, this does not prevent prices from continuing to rise even under weak indicators. In other words, although BTC has recorded two upper shadows in the monthly candle, the market is still capable of rebounding ( and may not record new highs ), but the price at this level is very high. If short-term questions are raised, I believe that the current reverse trend being produced in the short term is not over yet. The market is likely to continue moving in a sideways range rather than showing a significant trend, which means the probability will be high to move between the previous peak and 10.8w, and this level will definitely become a trading zone.
2. Currently, it seems that the market for alternative cryptocurrencies (the copycat tokens) is not heading in a downward direction; on the contrary, many alternative coins may continue to rise. The end of a bull market should be precisely determined according to the rule: "no new highs, no new lows." In all current markets, major coins, including ADA, DOGE, LTC, ETH, and SOL, have not shown any new lows, but rather merely corrections from new highs. These significant fluctuations during the upward process only indicate the presence of substantial resistance and that major traders are executing complex actions. However, this does not imply that the market is heading in a downward direction. Currently, most major coins are recording "new highs, no new lows," although the market's lowest point is very close to the previous low, this does not mean that the bull market has ended. In fact, the bull market is ongoing, and in addition to the MACD volume on the monthly timeframe, I believe, contrary to intuition, that the bull market is still continuing. This is because doubt in the market itself is part of the characteristics of a bull market, where the bull market is born in pessimism, matures in doubt, and dies in optimism. People will wonder whether the market is bullish, and this in itself is one of the characteristics of a bull market.