How did the last bull market collapse? What is the weather vane for the bull-bear transition?
In the last bull market, there was also an important reminder, that is, the Fed raised interest rates.
This is also the reason why everyone must confirm the Fed's interest rate cut before entering the market in this bull market!
I said that if the Fed announces an interest rate hike, you must not hesitate, just sell the currency directly, regardless of whether you lose or make money at the time.
At that time, when everyone heard about the interest rate hike, the market did not fully react, and occasionally rebounded.
Many people questioned it, and then everyone got used to it. Some people who held spot were directly hung on the top of the mountain. Many coins in the last bull market have disappeared now, don't disbelieve it. Spot will also return to zero one day.
This is very important information, so is this market a bull market or a bear market, halfway up the mountain or at the top of the mountain? This is the answer everyone wants to know.
I think there are certain risks in making money in the currency circle. There are risks and benefits. The bigger the wind and waves, the more expensive the fish! It mainly depends on how you balance it.
I still think that the current market is a bull market. The reason for judgment is the Fed's interest rate cut and non-agricultural data.
As for where in the bull market, here is a data that can be used as a reference, which is the computing power of Bitcoin. The current computing power of Bitcoin has dropped to the lowest level since December 2022, which means that it is now the lowest level of FTX's collapse. Where is the turning point of the lowest point of the last bear market?
FTX collapsed, and the bear market plummeted directly to the bottom. The current computing power is not much different from that time. What does it mean? You can think about it yourself!
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