8.27 The next week will test whether this is a real bull market or not! Looking at last week’s breakout on the K-line, it’s no different from the early stages of past bull markets. But the emotional backdrop is very different: 1. Last week saw a record-high short liquidation volume, and the Fear & Greed Index shot up to 74, showing that market sentiment has been ignited. However, the start of a true bull market is usually hesitant and quiet. 2. The U.S. stock indices are at historical highs, whereas past bull markets often began when U.S. stock indices were starting from lower levels. If $BTC can’t break through 83,000 in the next 1-2 weeks, the chances of a false breakout are high. This wouldn’t be the start of a bull market but rather the death knell for the bulls. After the shorts are wiped out, the knife will turn toward the longs.