Is the bull market still there? Is it a big wash or the arrival of a bear market?
Although external negative factors have caused the crypto market to plummet, these pullbacks are often opportunities. In the past 94, 519, 312, this pullback has become part of crypto history.
In another half a month, it will be a four-month adjustment period. The most serious adjustment period in the bull market is usually three months, and now it has exceeded the adjustment time of 519. If you still believe in the bull market, this may be the bottom area.
Even if we have entered a new round of big bear market now, the bear market usually reaches the bottom in about seven months. According to the bear market thinking, the market may bottom out in October or November, and then start a new market. We must stick to it, and the future is still full of hope.
It is normal for there to be a big wash before each bull market starts. Players who have experienced the previous rounds of bull markets know that whenever the Federal Reserve approaches a rate cut cycle, financial markets, including the crypto market, will be affected. The closer to the rate cut, the greater the market reaction, which is actually a good signal, indicating that the big bull market is getting closer and closer to us. I firmly believe that the bull market is still here. As long as you choose cryptocurrency, you must stick to it. Let's reach the peak together and don't give up halfway!