Each bull market comes after experiencing a desperate crash, suddenly rising due to a particular hot topic.
The speed is extremely fast, so fast that the retail investors can't react at all.
When the 94 document was released in 2017, exchanges chose to go overseas. After experiencing a crash, they quickly rebounded, leading to a bull market that created countless wealth myths, ending with a frenzy of ICOs.
In the bull market of 2021, after the sharp drop of Bitcoin, it quickly rebounded, especially with the rise of meme coins, which told everyone that the bull has arrived through hundreds of times of increases.
When will this round of bull market come?
Many people say that now is the end of the bear market and the beginning of the bull market, urging everyone to get on board. Admit it, extending the timeline, getting in at this position is indeed not a problem, but the issue is that this bear market is still ongoing and will continue for a long time.
The bull market of 2021, a corrective bull market in 2024? Don’t even think about it. Everyone can look back and see how long each cycle of bear and bull market transitions lasts, generally around 3 to 5 years. Now it has only been two years at most.
Most importantly, the previous bear markets were purely bear markets, with very little influence from external factors. The transition between bull and bear markets was relatively smooth, and the correlation with the US dollar was not so high.
This round of bear market is not only due to the bear market cycle but also severely influenced by external economic conditions such as the pandemic, war, interest rate hikes, and so on.
Of course, the most important thing is the interest rate hike. Years of quantitative easing have heated the economy to its peak; otherwise, the Federal Reserve wouldn't be so determined to raise interest rates.
When will the bull market arrive? The key is to see when inflation stabilizes and shifts to a relatively loose monetary policy; then the bull market will not be far away.
The cryptocurrency market is just a niche investment market. The major players are still the stock market, real estate market, and bond market. Only after the quality investment targets in these places have been snatched up will the excess money flow into the cryptocurrency market.
The arrival of this bull market actually has a very clear signal; just focus on one indicator: the Federal Reserve's interest rate policy.
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