August 30, 2025. Give up the illusion of a forever bull run in the crypto world.

The market has come to this point, yet there are still people looking at the big bull from a high position. The old hunter turned bearish after the false breakout on August 14th and predicted a mid-term top, even suggesting that the top of this bull run may be appearing. Due to the convergence of multiple technical indicators, I believe there is a possibility of a bull-to-bear transition. I have repeatedly mentioned that after Bitcoin has risen 8 times, one should consider exiting in batches rather than still thinking about heavily investing, especially for later players who do not have a cost advantage. Recklessly chasing after a coin that has already risen 8 times could very likely mean you are buying at the top or a secondary top. Today, Bitcoin fell below the 120 moving average, and moving average enthusiasts regard the 120 moving average as the boundary between bull and bear markets. If it can't rise in the short term, it will enter an even weaker trend. The pattern is downtrend - sideways - then downtrend again. We all hope that interest rates will be cut in September, as this could potentially give those standing at high positions their last chance to escape. If September does not meet expectations and there is no rate cut, do you think someone who chased after 120,000 can still break even in the short term?
This is purely a personal opinion and does not serve as trading guidance. If it helps, please like and share. #ETH走势分析