Well after the recent last halving, we know what happened some time after the price went up, and was at a new level, so basically everyone wants to take advantage of things for the next Halving, it's something like what happened with the bitcoin ETF, which Everyone believed that the price was going to rise to $100k at once and look at the price it is under now, the price did not rise, it is assumed that it could rise in about 3 months, maybe 4, let's see what the price will be like. price in those months, but it is not a sure thing, but why does that happen? because the masses think that after an event the price will rise, and it may be, but in the bitcoin market things happen very differently, sometimes the opposite happens and it is because the whales know that this is only the most logical, So they come in with shorts so that the rest sell in panic.
The market is like the jungle, only the strongest survives and if a person has a lot of hope that it will rise, they have to endure everything that comes their way.