First of all, let's take a look at the overall market as usual. Now the currency circle has become polarized. Now a small amount of BTC is indeed being transferred to exchanges for sale. In the past, the market would buy at the bottom every time it fell, but this time it was overwhelmed by selling pressure. The main reason was that it fell below 59,000 before, triggering the stop loss of many short-term players. But there is no need to panic, because this volume does not count, and there is no huge selling pressure like in a bear market. If the on-chain data of Bitcoin is slightly panic.
The on-chain data of Ethereum and other small coins can be described as hot. The altcoins led by Ethereum and SOL have shown a strong bottom-fishing force, and many big players have entered the market. Their decline is even smaller than that of Bitcoin, but their rebound is larger than that of Bitcoin. This is because these coins have fallen through. For example, Ethereum has fallen from 4100 to 2800, which has fallen by nearly 30%, and SOL has fallen by more than 40%. Those with weak beliefs have been shaken out in the big wash in the past few weeks, and the rest are in the market because we, the stubborn investors, refuse to sell. At the same time, the bottom-fishing force is also increasing, so these small coins have almost fallen to the right level, and now it is Bitcoin that is weakening.
So when will the bull market come? No matter how difficult it is, the bull market in the currency circle will always start more than a month after the Bitcoin halving. We have already analyzed the 20-year halving, and the 16-year halving also had such a trend. The currency circle plummeted before the halving like it does now, and it also fell after the halving, but then it started the explosive pull mode at the end of the month, and it is the same for every halving, because the currency circle is playing with consensus, not to mention that the hot spot YSDT in the currency circle is still pouring in at an accelerated pace, and there is no bleeding state like the previous bear market, so don't be shaken out by the shock, and Wall Street will also start to pull the market at that time, like the big rebound in the currency circle the other day, everyone has seen it, it was BlackRock that was protecting the market, he released the news that they were helping major institutions and pension funds configure spot Bitcoin ETFs, so the currency circle has rebounded a lot in the past two days, and he will have a lot of such news, big and small, all of which will be released at the right time.
Musk will also push up the market at critical moments. For example, in the last bull market, he announced that he would use Tesla to purchase 1.5 billion US dollars of Bitcoin, and then said that he would accept Bitcoin as payment for buying cars. Every time, the price of the currency soars. So don’t be anxious. When the time comes, these dealers will take action. After all, they also want to make money, right?
