Sugar Brother Talks about Trends - BTC As for whether there is still a bull market at this stage? That must be there. Although I often say that there is no bull or bear market, only buying and selling points. But from the perspective of the general public, a bull market naturally refers to a large-scale bullish trend, which means that the bullish trend is still present. From the overall trend of BTC, since its rise in 2023, all the retracement wave patterns during this period have shown that the low point is not too low and the high point has reached a new high, belonging to the standard bullish trend. The current third uptrend is at a high level, and we need to be cautious of local downturns. However, it should be noted that there is currently no structure or position that could lead to a reversal of the trend. At most, it is a conservative left side local peak signal, which belongs to a normal secondary downtrend in the process of following the current trend (to be distinguished from a trend reversal). In terms of trend structure, even if there is a 25% to 30% pullback in the next 1-2 months, it is still within the normal range of secondary decline. Moreover, throughout the entire decline process, the high-level moving averages during this period will be bullish, and can be gradually lowered and increased. Technically, there will be no waterfall like decline (except for a 3% drop, which is called a waterfall), which is fundamentally different from the unsupported decline in a bear market. So in terms of trend, the bull is still there, but it needs to stimulate the potential risks during the downturn and the opportunities hidden after the downturn. Technical basis: Topic 3, Lecture 6 of the Top Tweet: "The Relationship and Transformation between Pros and Cons" Top tweet # 3, Lecture 2: "The Impact of Moving Average on Prices (2)" BTC