The 'confirmation signal' that everyone is waiting for may be a trap Everyone is waiting for the confirmation signal of "continuous net inflow of ETFs+fear of corruption rebound". But the question is - if everyone is on the same signal, will the price still be at this position when the signal appears? At the bottom of 2018, it remained flat for four months, fluctuating between $3200 and $4000. At that time, MVRV was extremely undervalued, accumulated on the chain, and miners surrendered, with all bottom signals present. But by the time everyone confirmed it was the bottom, it was already $5000. The most likely scenario at present is actually the "Devil's Advocate" version: the $62K - $70K range oscillates to Q2, continues to accumulate on the chain, and then suddenly rises after a catalyst (most likely FOMC), catching those waiting for confirmation off guard. However, on the other hand, 'rushing without confirmation' may also be trapped for six months. This is the most torturous part of investing - there is no perfect answer. Would you choose to bear the risk of being trapped for three months, or the regret of being stranded for 30%?