#德国政府转移比特币 #美国6月非农数据高于预期
What is the weather vane of the last bull market crash and the bull-bear transition?
In the last bull market, an important early warning signal was that the US Federal Reserve began to raise interest rates. This is why everyone in the current bull market is waiting to confirm whether the Federal Reserve will cut interest rates before entering the market.
If the US Federal Reserve announces an interest rate hike, you should sell the currency without hesitation, regardless of whether it is profitable or loss-making at the time. At that time, the market did not fully react, and sometimes even rebounded.
However, many people began to question and gradually got used to this new situation, but some people who held spot were eventually trapped at the top of the mountain. Many currencies in the last bull market have now disappeared, and this fact cannot be ignored, and even spot may return to zero.
Therefore, is the current market a bull market or a bear market, is it halfway up the mountain or at the top of the mountain? This is the question that everyone in the currency circle wants to know at present.
Personally, I think that making money in the cryptocurrency market is risky, but there is no return without risk.
How to balance this point is very critical. I still think we are in a bull market, based on the Fed's rate cuts and non-farm data.
For the specific position of the bull market, you can refer to Bitcoin's computing power. The current Bitcoin computing power has dropped to its lowest level since December 2022. This means that it is now at its lowest level when FTX crashed, and where was the lowest point of the last bear market?
The collapse of FTX was the last plunge that directly reached the bottom, and the current computing power level is similar to that time. What does this mean? This is a question that everyone needs to think about for themselves.
If you want to understand specific opportunities and make decisions, you can pay attention to An Ge~
