In the last round of currency winter, there was an obvious warning light - the Federal Reserve announced an interest rate hike. There are more than 13 early warnings. Once the news of interest rate hike comes to light, regardless of the profit or loss of the position, you should decisively leave the market. However, the market reaction in the early stages of interest rate hikes was muted, and there were even occasional signs of recovery. This caused many people to question Thirteen's judgment and choose to stay put. As a result, these hesitant investors were eventually stuck at a high point again, like leeks being harvested season after season, but they never seemed to learn the wisdom of hedging.
At the moment, is the market in the aftermath of a bull market or the haze of a bear market? Is it the starting point of bottoming out or a respite halfway up the mountain? This is the mystery in every investor's mind.
Thirteen knows very well that the future of the currency circle is always accompanied by uncertainty, and high risks and high returns coexist. The key lies in how we find a balance between the two.
Regarding the current market view, Thirteen insists that it is a bull market pattern. The specific basis for judgment has been elaborated in previous articles and will not be repeated here. As for whether a bottom has been reached, there is one key indicator that deserves our close attention: Bitcoin’s hash rate.
Currently, Bitcoin’s computing power has fallen to its lowest level since December 2022, which was the lowest level after the collapse of FTX. Looking back at the last bear market, it was the collapse of FTX that became the symbol of the market bottom. Now, the computing power has dropped to a similar low again. Does this indicate that the market is about to usher in a new turning point?
Is the sudden drop in computing power a signal that the market has bottomed out? For more in-depth analysis and exclusive insights, please click on the avatar to find out!
