The bull market is still on the way, don’t rush to say goodbye!
This bull-bear transition is quite straightforward: Bitcoin is running up steadily, while altcoins are like a roller coaster, going up and down. Every time altcoins surge, it’s often those coins that weren't moving much suddenly gaining momentum.
In simple terms, retail investors have been shaken out quite a bit, the market has become relatively stable, the story is still being told, and everyone is still listening.
The current strategy is to continue finding cheap coins to buy, then patiently wait, don’t fumble around, and wait for the most exciting moments of the bull market next year to join the fun!
You must know, the last tremor of the bull market is what truly excites!
And then, as soon as the interest rate cut news came out, the market didn’t show any respect and took a big tumble. Normally, a rate cut should be a good thing, but Powell’s one statement almost wiped out the long contracts, and the Bitcoin price was close to dropping below the 100,000 mark.
What the market is worried about now is that there will be fewer rate cuts next year, and the money supply will tighten. The Federal Reserve Chair also said that they can’t buy Bitcoin, nor do they want to change the law.
But you must understand, how the market moves is not dictated by them. They talk a big game, but policy must rely on data to speak. Whether there will be rate cuts next year still depends on the data.
I want to say, the bull market hasn’t even started yet! Bitcoin still needs to push towards 150,000, Ethereum is aiming for 8,000, Dogecoin might reach 1 dollar, and Pepe coin might even quintuple.
Along the way, many people will get thrown off the bus. We should choose good coins, wait patiently, and not be scared off by temporary fluctuations.
Remember, wealth is reserved for those who are patient and don’t give up.
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