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Thinking about Master's in-depth research on Bitcoin in recent years, it is like a wonderful adventure. Gradually, I found that Bitcoin is more like a mysterious field interwoven with mathematics and statistics, and the laws in it are as fascinating and confusing as the stars in the universe.
The causes of many laws are like fog. At first, I was skeptical and thought it was just a coincidence. But my personal experience in recent years has allowed me to witness that many laws are running like a precise clock.
Bitcoin has a 224-day cycle and halving events in 2017, 2021 and 2024. There are obvious price fluctuations near these time nodes. This is also a phenomenon that Master talked about in the video analysis last year. (You can also open your own K-line and compare the daily level of these three years to see it at a glance)
After careful verification, Master found that each interval was 224 days to reach the top, and the corresponding date for the next 224 days is November 30. This makes me wonder, will there be another magical scene: Ethereum will lead the army of altcoins like a brave general, causing Bitcoin's market share to decline rapidly?
Judging from the current market, this possibility is indeed not small. First of all, we have entered the last 10 months of this cycle of bull market, which is like the climax of a grand performance, and the excitement is about to be presented one by one.
In this process, Bitcoin and Ethereum are like the two main characters on the stage, and they alternately show relative strength. Each role rotation lasts about 4-7 weeks, during which even the decline and retracement are part of their performance. From now on, Ethereum has a great tendency to catch up, and it is very likely that its increase will exceed Bitcoin.
Moreover, in this last bull market carnival, Bitcoin will not be smooth sailing, and it will experience multiple 20%-30% retracements. Just like the cooling period after the high emotions, the crazier it rises, the more frightening the retracement. Just like the current crazy rise, perhaps there will be a terrifying retracement soon.
