Speaking from the perspective of the Chande theory, the ideal trend and the general direction of Bitcoin and Ethereum in the future
Refer to Figure 1, it has actually diverged from the weekly trend, and the next step is at least a monthly level consolidation. Without discussing the magnitude, but in terms of time, it will take at least
Refer to Figure 2, around the time marked in red, it will take about 15 to 20 months, meaning at least 1.5 to 2 years, although it cannot be said that it cannot break through the high point. Even if it breaks through, it is mostly a trap, and the low point can also reach 80,000. Then
Refer to Figure 3, using 1 year of time, it will eventually break through and reach a level that forms a monthly level divergence. The position is around 200,000, which is a psychological point. And at the time, it coincides with the timing of the understanding king's exit. The first round of BTC is completed, and at least a yearly adjustment is needed, which will take at least 5 to 10 years.
Here there are funds from the Asian market, European market, and American market, and both long and short positions can be opened for hedging, along with quantitative trading. To drive such a large market, each breakthrough requires a very long time and energy accumulation. Just look at how long it took to consolidate from the 15,700 price level to understand how long it will take to break through the current high point. It is not simply a rise of 1,000 points that makes it bullish, or a drop of 2,000 points that makes it bearish.
As for Ethereum:
Refer to Figure 4, let's talk about breaking through the central axis first. This time, the new high has just barely broken through a little.
It's not that you can't make money when it rises to the top or falls into a bear market; after all, there are contracts in place, allowing both long and short positions. This round has allowed people to reach financial freedom after the departure of the understanding king.