Bull-Bear Tug of War: When Candlesticks Start "Talking"

Looking at the market chart, Bitcoin's candlesticks lately seem to be "telling jokes": the upper shadow teases the bulls, while the lower shadow comforts the bears. In fact, this is a sign that the battle is intensifying. Every rally followed by a pullback is profit-taking; every bottoming out and rebound is new capital testing the waters. Until the trend is clear, the sideways range remains the stage.

From a structural perspective, as long as the highs are gradually rising and the lows are moving up, the medium-term bullish structure remains intact; if the price breaks below the previous low with increased volume, that’s a risk signal. Mild funding rates don’t mean there’s no market movement; instead, they indicate that leverage isn’t overheated. The real danger is when market sentiment becomes overly uniform—often a sign that a correction is near.

On the fundamentals, the halving narrative and institutional allocation logic are still fermenting. The market won’t stay in a low-volatility comfort zone forever; once the direction is set, volatility will quickly expand. At this point, instead of chasing highs and selling lows, it’s better to follow a plan: breakout follow-through, phased retracements, stop-loss on breakdown. Writing the strategy on paper is more important than showing emotions on your face.