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Watching Bitcoin fluctuate around 97,000, the trading group is once again buzzing—some are shouting that the technicals have topped out, and with a MACD death cross, it's time to short; others advise not to rush. This scene is all too familiar.
Many people's logic is: the price drops from 97,000, indicating the rally is over, and now entering on a pullback can lead to profits. This idea sounds reasonable, but it’s precisely the most likely to lead to a trap.
Careful examination of the chart details can reveal the clues. During the upward surge, the volume bars are high, but now, during sideways consolidation and decline, the bars have noticeably shortened. What does this mean? The main force is holding positions, while retail investors are panicking and selling off. The previous large bullish candle is the flagpole, and the current wavering consolidation is the flag. As long as the flag does not break support, there is often an additional rise equivalent to the height of the flagpole afterward—that's a technical "bull flag" pattern.
The trend remains bullish, and there's no need to doubt that. The real test is choosing the right entry point during such phases. Many beginners keep getting slapped in this kind of consolidation, taking hits from both sides.
There's a saying in trading circles: "A thousand golds can't buy a bull's turnaround." Being able to accurately enter during rebounds in a bear market or corrections in a bull market is often much smarter than blindly following the trend from the start. It’s never too late to participate in mainstream coin movements; the key is to avoid becoming one of those who get "left behind."