Although history does not repeat itself, it often shows surprising similarities! Looking back at the bull market from 20 to 21, the trajectory of that wave of market is vivid:

It started with a strong rise in mid-October 20, behind which was the power of US capital pouring into the market like a tide; until the end of April 21, a "death cross" signal appeared on the weekly chart, marking the market entering a six-month high-level shock period; then, the "519" crash hit, the market experienced a drastic adjustment, and the price of Bitcoin was silent for more than two months. It was not until around July 20 that the dawn of a second rise came; however, the good times did not last long. With the increase in expectations of US interest rate hikes, Bitcoin took a sharp turn for the worse in November 23 and officially entered the bear market winter.

Now, in the bull market from 23 to 24, we have found many amazing similar signs:

Also in mid-October 23, the market started to rise again due to the influx of US capital; at the end of April 24, the "death cross" warning appeared again on the Bitcoin weekly chart, marking another half-year high-level consolidation period; immediately after the "death cross", the market suffered several single-day plunges, and the price of Bitcoin entered a period of adjustment for more than two months; and at this moment, for those investors who firmly believe that there will be a second leap in the future market, it is the perfect time to lay out the bottom and accumulate chips! For more exciting analysis and strategies, please click on my avatar to learn more!

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