Recently, many people say that the bull market has ended. In fact, most people do not have their own trading logic. They are bearish when the market falls and bullish when the market rises. Their emotions are affected by the market. I can tell you with certainty that the bull market has not ended. Once the trend is formed, it will not be easily reversed.
The overall framework analysis is actually very thorough. Because the Bitcoin spot ETF application and approval, the huge financial empire of tens of trillions of dollars managed by institutions such as BlackRock has leaked some funds into the currency circle, which helped Bitcoin break through the previous high before the halving. The recent decrease in institutional net inflows and the continuous net outflow of Grayscale have determined that the market must take time to adjust the rise in the past six months from the perspective of emotions.
The economy has cyclical properties, and the currency circle also has bull and bear cycles. Each round of Bitcoin bull market has different places, but they also have common points. These common points will not disappear just like that. For example, every time BTC is halved, it will go out of the crazy bull market about 10 months later, which has never changed. Combined with the current global macro, I personally think that at least in the next few months, there will be a volatile market. First, BTC will not fall too much; second, it is a BTC spot ETF, and it is reasonable that ETH's growth is weaker than BTC. Even the king of the copycat is not good, and the disciples will not have a very eye-catching performance, which is indeed the case; third, in the past, the copycats rose ten or dozens of times before entering the bear market, and the wash was a big deal, but currently 95% of the copycats have not risen much, and there is no basis for a deep fall; fourth, there is no inflow of off-market funds. Some new projects have a market value of hundreds of millions of dollars or more after listing on the secondary market, and the ending is doomed. Once the heat is over, it will only fall.
It is easy to make the right choice from a high point, which is why meme coins can rise. Value coins are not good, so memes are used as stimulants for the market.
The market is always right. When the suppressed emotions begin to erupt, when the Fed continues to cut interest rates, and when the trend reaches that step, what is coming will definitely happen. In this process, many things will happen that make you negative, lose faith, confused, panic, etc., but if they don't defeat you, then victory will belong to you.
