The market is expected to usher in a rebound boom after late July! (Worth collecting)
Although it is a bit difficult for Bitcoin to rebound now due to various factors, many analysts, including big names like JPMorgan Chase, say that the situation will get better.
JPMorgan Chase's research report said that the turmoil in the crypto market should slowly subside in July, and the market should pick up in August.
In the past, Bitcoin and the S&P index of US stocks were quite compatible. When one rose, the other also rose. But since the end of May, this relationship has become a bit distant. US stocks have soared, but Bitcoin has been lingering there, and sometimes even falling. However, this situation may change soon. Bitcoin may suddenly rise in price one day.
Looking at the accumulation trend of Bitcoin, you can feel that investors' mentality has changed. In April, everyone was in a hurry to sell, and now many people have begun to hoard BTC.
The current price of Bitcoin is sideways, which is actually a common phenomenon before a bull market. When this bull market is completely hot, it won't be a big deal if the price of BTC rises to 100,000 US dollars.
When you are afraid, the smart money is quietly increasing its investment. Why? Because this kind of decline is an old routine.
Bitcoin has set new highs every 4 years, which has become a rule:
In 2012, it rose from 12 yuan to 1,000 yuan, almost 9,000 times;
In 2016, it rose from 650 yuan to 19,000 yuan, more than 3,000 times;
In 2020, it went directly from 8,000 yuan to 69,000 yuan, still doubling.
What will happen in 2024? Let's wait and see. However, remember that in each cycle, the return rate of Bitcoin will be about 60% less than the previous cycle, so the current pullback is just a small wave in the bull market, don't worry too much.
Before the big drop, I asked fans to leave and reduce their holdings, and sold some copycats that did not rebound or resist the drop. Those who followed the advice can now rest easy and not panic at all. Old fans all know the three bargain-hunting positions I gave, of which the position of 56,000 has been successfully reached. The second opportunity is coming soon. If you want to catch up with this bargain-hunting train, please borrow the avatar and leave comments 888
