How big is the amplitude of this wave of callback? How long is the callback time?
Referring to the halftime break of the bull market in 2021 (519), Bitcoin retreated by about 55%, bottomed out from mid-May to June 21, and bottomed out again in mid-July. The overall callback time was 2 months, and then the second half of the bull market began.
But after June 21, the game currencies that were in the hot sector at the time no longer followed Bitcoin's second decline, but started the second half of the market in advance.
The callback of this wave of market in 2024 is currently around 20%. It has been less than 28 days since the beginning of April.
So from the perspective of time, it is still not enough at present, but from the perspective of magnitude, I think it is difficult for BTC to break a new low, because the first half of the last bull market had a large increase, so the callback was also very deep, but this round is not the case. The increase is relatively small, so the callback is also relatively small. The only thing that can end the callback is time. Wait slowly, don't rush. Click on the avatar, follow the homepage introduction to find me, face the fans, my bull market strategy layout, free sharing, be a free blogger, just to increase fans. If you come to me, I can take you ashore, I will not let my fans miss out in this bull market! Just lie down!
