The bull market is still on its way, don't be in a hurry to say goodbye!
The transition between bull and bear markets this time is actually quite straightforward: Bitcoin is running up steadily, while altcoins are like a roller coaster, going up and down. Every time altcoins surge, it is often those coins that were previously stagnant that suddenly gain momentum.
In simple terms, retail investors have been shaken out enough, the market has become relatively stable, the story is still being told, and everyone is still listening.
The current approach is to continue finding cheap coins to buy, then wait patiently, don't mess around, and wait for the most exciting time in the bull market next year to join the fun!
You have to know, the last shudder of a bull market is what really gets the adrenaline pumping!
So what happened? When the news of interest rate cuts came out, the market didn't show any favor and took a big tumble. Originally, a rate cut should be a good thing, but Powell's words nearly wiped out the holdings of long contract holders, and Bitcoin's price almost fell below the 100,000 mark.
What the market is worried about now is that there will be fewer rate cuts next year, tightening the purse strings. The Federal Reserve Chairman also said that they cannot buy Bitcoin and do not want to change the laws.
But you have to understand, the market's direction is not determined by them. They might talk a lot, but policies need to be backed by data. Whether there will be rate cuts next year still depends on the data.
I want to say, the bull market is just getting started! Bitcoin still needs to push towards 150,000, Ethereum is aiming for 8,000, Dogecoin might reach 1 dollar, and Pepe coins might even quintuple.
On this journey, many people will be left behind. We need to choose good coins, wait patiently, and not be scared away by temporary fluctuations.
Remember, wealth is reserved for those who are patient and do not give up.