We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.
Well, it is a misconception to say the market is always unpredictable, maybe it is the wrong use of word as the market is highly predictable, except that it is uncertain at the same time. This means that your strategy might be good but doesn't mean it will not fail you at times, and for the market to be dynamic, it means that you can never get its pattern and behave right all the time you expect it to move a certain way. Those are just the differences here, and with the right trading strategies, I am sure that you will always be a good market predictor, and some strategies even have over 90% accuracy, especially if you can combine strategies that filter one another for refined trading signals that would fail less times.
As for your question, I believe it was conceived due to the recent tragic event in the Bitcoin market where people expected it to be rising due to ETF approval. Well, it is good that we use our brain, but unfortunately, people those, particularly those that I had advised are all turning it down. My advice was that they should not believe in a widespread belief but to let their own analysis guide them. Even with halving, I will never be a blind trader/investor, I will move with the wave of the market even as my chart analysis confirms it.
As it is now, it wasn't difficult to see the bearish pattern coming into play on the daily chart, so that is enough for you to decide and for a guide. But in some market condition, the data and events could be a guide to point to the market condition as well.