The Bitcoin Conference will be held tomorrow.
Before the conference, the market rose sharply for two consecutive weeks. As the conference approaches, the market fell into volatility, and the curse of "every conference must fall" still exists.
But this is not a big problem.
The trend of interest rate cuts is coming soon. When others are still expecting a surge in the Bitcoin conference, you should look at the longer-term benefits.
Sometimes investing is to look a few steps ahead of others.
The current correction and consolidation should not be too large. After all, the extreme fear has already occurred half a month ago.
In the bull market cycle, there are not many "extreme fears".
One in September 2023 and one in early July 2024.
In 2023, the currency circle slowly recovered from the recession. Many people still retain the bear market thinking, and collectively fell sharply at the end of 2019. Because I was educated by the history of carving a boat, I firmly oppose carving a boat to seek a sword. Throughout the year, I have been reminding everyone that there are "three major things not to carve" in this round of bull market. Look at the long term and don't focus on short-term operations. A new round of bull market cycle has begun.
In 2024, Bitcoin will be halved and Bitcoin spot ETF will be approved. But people are sometimes worried about the recurrence of 312, sometimes worried about the Fed not cutting interest rates, sometimes worried about Germany selling coins, and sometimes worried about Mentougou selling coins. But institutions such as BlackRock have been buying, and the Fed will cut interest rates sooner or later. Trump is publicly supporting the crypto market.
The future market will be driven by the US presidential election, the growth of Bitcoin institutional holdings, and the trend of interest rate cuts.
The pullback is only temporary.
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