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Recently, the Crypto Assets market has shown new trends, and analysis indicates that Bitcoin may be entering the final stage of its pump cycle. From the perspective of Technical Analysis, the current price movement is likely forming a terminal wedge pattern, which is typically seen as a characteristic of the Elliott Wave Theory.
It is worth noting that this wave of pump did not start at the level of 98000 dollars, but began from 74500 dollars, which means that the market correction is larger than expected. If this judgment is correct, then the current rise may be the last wave of pump in the entire bull market since 15000 dollars.
For investors, this signal means that extra caution is needed. Although the market may still have room to pump, the risk of chasing highs is increasing. When the fifth wave is completed, it is likely to signify the end of this round of price movement.
However, the market is always full of uncertainty, and investors should consider multiple factors, such as fundamentals and the macroeconomic environment, to develop their investment strategies. In any case, staying vigilant and controlling risks is particularly important at this stage.
As the Crypto Assets market continues to develop, the reliability of these Technical Analysis patterns is also being constantly tested. Investors need to keep an eye on market dynamics and adjust their strategies in a timely manner to respond to potential market turning points.