After this wave of correction, a lot of leverage has been washed away. If the good news continues and the overall economy starts to pick up, there will definitely be a big wave of rise. The chance of breaking through 100,000 is quite big. I firmly believe that The bull market must not be over yet. This is just a necessary correction in the bull market. In a few months, we may see Bitcoin reach a new high. This bull market will definitely surge upward!
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Let me first share my humble opinion: the bull market is not over yet, it is on the way. Every round of market start-up has experienced twists and turns. As the saying goes: Therefore, when God is about to send a bull to the market, he must first make his mind suffer, his muscles and bones tired, his body hungry and empty, and then increase his ability.
There are several points in the current data: First, ETF inflow + US government support will become the biggest opportunity for this round of bull market, and it is precisely this opportunity that requires sufficient absorption and washing. Second, similar to the black swan of the global financial market on Black Monday, BTC smart money big holders did not panic sell, but continued to accumulate chips! Third, 85% of the central banks of major countries in the world are currently in a loose interest rate cut state, and the Fed's interest rate cut is imminent. Global flooding is the best antidote for every crisis.
Let me first share my humble opinion: the bull market is not over yet, it is on the way. Every round of market start-up has experienced twists and turns. As the saying goes: Therefore, when God is about to send a bull to the market, he must first make his mind suffer, his muscles and bones tired, his body hungry and empty, and then increase his ability.
There are several points in the current data: First, ETF inflow + US government support will become the biggest opportunity for this round of bull market, and it is precisely this opportunity that requires sufficient absorption and washing. Second, similar to the black swan of the global financial market on Black Monday, BTC smart money big holders did not panic sell, but continued to accumulate chips! Third, 85% of the central banks of major countries in the world are currently in a loose interest rate cut state, and the Fed's interest rate cut is imminent. Global flooding is the best antidote for every crisis.
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