Although history does not repeat itself, it often echoes similar melodies surprisingly! Looking back at the bull market feast from 20 to 21:

In mid-October 2020, the market quietly started, and behind it was the strong injection of US capital, which kicked off the bull market. Subsequently, by the end of April 2021, the iconic death cross signal appeared on the Bitcoin weekly chart, indicating that the market had entered a period of adjustment, but it had been strongly pulled up for half a year before that. After the death cross, the market suffered the famous "519 crash", and Bitcoin experienced more than two months of deep adjustment until around July 20 of the same year, when it accumulated strength again and started the second wave of rise. However, the good times did not last long. Bitcoin's glory came to an abrupt end in November 2023. With the increase in expectations of US interest rate hikes, the market completely entered the bear market winter.

Now, as we stand at the top of the new bull market from 2023 to 2024, it is not difficult to find many signs similar to the previous round:

In mid-October 2023, the market was once again stirring due to the influx of US capital, and a new round of bull market quietly emerged. In a blink of an eye, by the end of April 2024, the warning of a death cross appeared again on the Bitcoin weekly chart, indicating that the market may enter a stage of adjustment, after having enjoyed a half-year rise. After the death cross, the market experienced several violent fluctuations in a single day. After more than two months of adjustment, Bitcoin is brewing a new change.

If you firmly believe that the market will usher in a second glorious moment of high rise, then this is the golden time to lay out the bottom high-quality chips! For more in-depth analysis and exclusive insights, please click on my avatar to explore the infinite possibilities of the crypto world together!

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