I started clearly bearish on Bitcoin around mid-August 2025, which many people found hard to believe at the time. Even when new highs were reached in October, I still said one thing: a new high does not change the overall bear market structure. As the market has developed to this point, it has also given a fairly honest answer~

There's a simple logic here: trend reversals often occur at the strongest price points. A new high at a high level is sometimes not a continuation of a bull market, but rather the final emotional surge at the end of a cycle. In wave structures, this stage often corresponds to a terminal pattern—very lively but short-lived~
What's even more interesting is the contrast in market sentiment~
Many people only start to firmly believe in a bear market and actively short when it's almost over, as if they've just realized the world is about to turn cold~
As for some "eternal bull" Wall Street gurus, once the market changes, their myths are shattered. Just like the Wall Street soothsayers~
The market never relies on titles~
It only recognizes trends~
#Bitcoin