The 2024 Market Crash: Final Chapter 🚨
The bearish trend in the cryptocurrency market is intensifying, marked by a triple top within a steep descending channel. Many of our public SHORTs are hitting their targets, signaling a major downturn on the horizon.
It's often challenging to see these shifts in real time—difficult to fully accept them as they unfold. We might sense a decline, yet rationalize that prices will rebound soon, even as the market has been trending downward since March 2024.
Think back to August; by the time we acknowledge the reality, it may already be too late. The markets play on psychology, making us hopeful during declines and doubtful during rallies, as though a crash could strike at any moment.
This bearish momentum still has a long way to go. The silver lining is that when the drop hits, it could be swift and decisive, given the prolonged consolidation. When the market builds up for so long, the resulting move is often powerful.