🔥【Market Reveal】The bull market has not yet started? Reveal the truth of the market, these key indicators will tell you! 🚀
Faced with today's market decline, I am often asked when the bull market will restart. My answer is concise: In fact, the bull market has not really started yet.
The following is the basis for my analysis:
So far, the market this year has shown two main characteristics: First, driven by the approval of ETFs and the hype of meme coins, Bitcoin has performed well; second, the rest of the market continues to be in a sideways state. Although we have witnessed several significant gains, it must be pointed out that:
The prices of most tokens have almost fallen back to the level of early January; in terms of Bitcoin, many tokens are still at their cyclical lows; based on the long-term moving average, most tokens are still in a downward trend, which is exactly what we least want to see in a bull market; the total market value of cryptocurrencies has not yet exceeded the historical high in November 2021.
When a real bull market starts, we will observe the following signs:
🚀 Altcoins will show amazing upward momentum in their price against Bitcoin, which is one of the most critical indicators;
🚀 The prices of most tokens will quickly climb above their 200-day exponential moving average (EMA200);
🚀 The overall market value of cryptocurrencies will begin to grow significantly, just as during the last bull market, the market value achieved an amazing growth of about 800% compared to the previous high.
Therefore, it is crucial to closely monitor the price relationship between various tokens and Bitcoin, as this is an early key indicator for judging the market's self-positioning.
If you have been chasing ups and downs and are often trapped, it is because you don't have the latest news in the cryptocurrency circle and no professional strategy! Zhuye Introduction Find me, there you can experience the feeling of winning without doing anything!
#非农就业数据即将公布 #币安合约锦标赛 #牛市到来