Yesterday, Bitcoin had a slight correction and the altcoins collapsed. Has the bull market reached its peak in 2024?
This is a topic that many people are talking about today.
I am a firm bull in 2024 and have never wavered. Whether it is 2023 or 2024, my opinion remains unchanged.
Trends are like the four seasons. Although the process is different every year, its essence never changes. Spring, summer, autumn and winter are an infinite cycle.
The bull-bear cycle of the cryptocurrency world is the same. As long as the bear market ends, the bull market will begin.
In the current market, BTC has just broken its all-time high, so the bull market will continue
The sharp pullback of the copycat is just a process of deep cleaning
The main force wants to tell retail investors: the only real valuable currency is BTC
First make everyone crazy, then make everyone desperate, the truth is in front of you: even if you play BTC contracts, it is better than playing altcoin spot
In this wave of market cleansing, countless people who insisted on investing in copycats began to retreat and became afraid; many people also began to sell their stocks and change their positions, holding BTC and ETH and pretending to be dead.
This is the norm in the cryptocurrency world. Only a minority of people are willing to make money on altcoins.
This also increases the market's determination to make waves, because people are very smart and they will find many reasons and solutions from the failure they just experienced.
If the price rises to a certain level next time, I will sell all of it and then buy it back when it falls back. This decline will become a great opportunity.
I think there are many people who have this idea. It makes sense, but there is a huge gap between knowing and doing. Don’t overestimate yourself and underestimate the market.
Today, many people compare the surge to $73,000 in March 2024 with the surge to $65,000 in April 2021.
The reason is: the trends are similar, the price ranges are also similar, and there may be further sharp falls in the future?
If you look closely, the trends are really similar. They all start with a rapid rise and then a wide range of fluctuations, with pins going up and down.
But the most important point is: the trend background is completely different
Many people may rarely hear this word. Trends are formed by the interaction of many factors, including: news, capital, technology, fundamentals, and policies.
Only when all five sides point in one direction, the trend of this industry is formed. Simply put, it is the process of forming a big bull market.
The bull market has already begun, so it won’t be so easy to reach the top. The technical side looks a bit like it, but it’s not enough to change the direction of the entire industry.
Rising and falling are normal behaviors and cannot be regarded as the only thing. Of course, I am talking about the long term, based on the bull and bear cycles of the entire industry.
The bull market has just begun, and the second stage has just begun, which is just a squat before the start; if you can't withstand this little storm, how can you withstand the subsequent overwhelming wealth?
There will be many more complex and changeable market conditions waiting for you in the future. If you don’t understand the coins in your hands and have no confidence, you can only wish for the best.
The most difficult thing for an adult is to be humble everywhere. If you master some core technologies, your investment journey will become very simple.
It is very difficult for a newbie to grasp the current market situation. Master Ye Jincun, I will help you win easily. #比特币减半 #大盘走势 #ENA $SOL $MEME