The recent Bitcoin market has shown a clear top formation, which is quite similar to the trend in 2021. The failure to break through the $120,000 mark in July indicates that this bull run may have reached a pause. However, this does not mean that investment opportunities have disappeared.

The changes in market cycles are normal; even in a bear market with an overall downward trend, there are still short-term upward opportunities. Similarly, pullbacks can occur during a bull run. Currently, from a daily chart perspective, the market may experience a five-wave downward process, but a rebound may still occur afterwards.

It is worth noting that market manipulators may take advantage of price fluctuations to attract investors. Therefore, even in a bear market environment, we should not rule out the possibility of significant increases. In this case, it is especially important to remain vigilant and conduct rational analysis.

For investors, the key is to recognize the overall trend while also seizing opportunities for short-term trading. Whether in a bull run or a bear market, there are potential profit spaces, and the key lies in how to accurately grasp the market rhythm and formulate suitable investment strategies.

Overall, although the current Bit market may have entered a bear market phase, this does not mean the end of investment opportunities. On the contrary, it creates new opportunities for those investors who can analyze calmly and respond flexibly. In this challenging market environment, maintaining a clear mind and flexible strategies will be the key to success.