The curtain of the Bitcoin Conference has been quietly unveiled, but the market trend does not seem to dance with it, but instead shows the pace of adjustment.
In the world of cryptocurrency, the hype often stems from vague expectations. When the news has not yet surfaced, the enthusiasm of the market is burning like a raging fire; and once the news is clear, the market begins to recede like a tide. This has become a consensus in the industry that needs no further explanation.
If you are still trapped in the vortex of fear of missing out because of the convening of the Bitcoin Conference, and fantasize that the price of the currency will soar like a rocket during the conference, then I am afraid you will be disappointed, and such an idea is too naive.
In fact, the short-lived carnival feast has already flashed like a meteor and ended in advance.
The real trend of the market will ultimately rely on those stable long-term positive factors to drive it. What we need is patience, like a hunter waiting in the silent forest, quietly waiting for the upcoming interest rate cut opportunity.
For this Bitcoin Conference, we should not have too high expectations. Because the market may need to go through a deep correction to find the new support point, just like trees in winter, they must go through the test of severe cold to be more resilient to welcome the arrival of spring.
Although this conference failed to help Bitcoin break through the $70,000 mark in one fell swoop, I firmly believe that in the near future, as market conditions mature, Bitcoin will spread its wings again, challenge this important historical juncture and successfully break through.
