The washout process in this round of bull market is extremely fierce, far more than in the past, so it is not appropriate to compare it with previous bull markets. The currency environment has undergone significant changes, and market trends have naturally changed accordingly.

The more brutal the washout is, the more severe the panic among retail investors will be, and the more sluggish their willingness to enter the market will become. Although we are in a bull market, it gives people the illusion of a bear market, which has also led many people to misjudge that the current period is the end of the bull market and the beginning of the bear market.

However, hear me out.

The approval of Bitcoin ETF means that institutional investors have just begun to get involved in this market.

It has only been two months since the Bitcoin halving event, and in less than three months, its price has not yet broken through its previous high.

The interest rate cut policy has not yet been implemented, and funds in the market have not yet poured in on a large scale. At present, only existing funds and ETF funds are maintaining the market.

Altcoins have not yet ushered in a large-scale explosion, and some people are actually claiming that the bull market is over.

If this is true, then this is not a complete bull market at all, but just a small twist in the bull market process.

In the face of the current situation, we should stand our ground. There is no need to be afraid of FUD (fear, uncertainty and doubt), don’t think too much and stay calm.

If you want to delve deeper into the currency circle, but can't find a clue, and want to get started quickly, you can check out my homepage profile. I hope our encounter will be friendly.

#BTC #ETH