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I've been noticing for a while how Bitcoin bulls are getting increasingly nervous, and honestly I think that 'hopium' that kept them optimistic is fading away. Last weekend, we saw that drop that many thought would just be a retracement, but at this point, it’s starting to look like it could be the beginning of something more serious.
What worries me is that this rally we had recently seems like a shooting star. It rose quickly, shined brightly, but now it’s collapsing. And the worst part is that the signals don’t look good at all for the bulls. If that weekend drop was just the start, we could be seeing levels that no one expected just a short time ago.
It feels to me like we’re at a turning point. That initial euphoria turned into a shooting star, and now the market is settling scores. Those betting on strong rises are probably recognizing losses. This is the kind of moment where you need to stay alert because movements can be quick and ruthless.