Although the trajectory of history is not a replica, it often shows surprising similarities. In this depressed market atmosphere, I would like to share with you my review of the past and my personal insights on the possible paths to follow.

Looking back at last year, the market has embarked on a bull market journey since the first day of the year, and continued to climb until April. When Ethereum Shanghai was upgraded, the market and many non-mainstream currencies all reached highs. However, in the following June, although Bitcoin briefly returned to the high of 30,000, most non-mainstream currencies did not set new highs at the same time. Instead, they experienced a brief rebound and then entered a deep adjustment period. It was not until Bitcoin fell to around 25,000 and consolidated for two months that a new trend was brewing, and non-mainstream currencies also found their bottom and joined hands with Bitcoin and Ethereum to enter a new round of trend market.

Looking at this year, so far, many signs are quite similar to last year. Since the trend market started in October last year, the market inadvertently witnessed the top formation of Ethereum and many non-mainstream currencies in March this year, and then kicked off a large-scale adjustment. (At that time, many people mistakenly thought that the "copycat carnival season" was about to begin.) In particular, in mid-April when Bitcoin halving was expected, with the sharp drop in Bitcoin and non-mainstream coins, the market gradually realized the start of the adjustment cycle. Similar to last year, this time, with the help of the news of Bitcoin halving, the market bid farewell to the trend market and entered a deep adjustment stage. In May, although the news of Ethereum ETF and the rebound of Bitcoin helped Bitcoin and Ethereum approach the high point of June last year, the rebound of non-mainstream coins seemed quite weak and continued to be trapped in the vortex of callback and wash.

To date, the market trend this year is quite similar to that of last year. If we take last year's experience as a mirror, summer may become a critical period for bottoming out, and a new phased market is expected to quietly start between the end of August and September. Therefore, there is no need to be overly anxious, and the power of the bull market is still ready to go.

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