The current market is gradually recovering, mainly for two reasons:

1⃣️The capital outflow of Bitcoin ETF has stabilized and is currently in a balanced state of inflow and outflow.

2⃣️The peak of the bull market in history often occurs about a year after the Bitcoin halving, and this year coincides with the US election year. Monetary easing policies are usually followed before the election. It is expected that the financial market performance in 2024 will not be too bad.

Currently, MEME coins such as $PEPE $SHIB $DOGE have driven the crazy rise of other altcoins. Some strong altcoins have climbed back to previous highs, while weaker coins have failed to keep up. Whether it is fixed investment or long-term holding, choosing a good investment target is crucial. The leading currency may continue to be strong, while the weak currency often has the opportunity to make up for its gains later in the market.

Strong altcoins showed a clear V-shaped rebound, which is a distinctive feature of the bull market, that is, it will experience at least two to three major adjustments during the entire process, after which the market will continue to rise.

So I don’t like to think that falling is actually a good thing. The reasons are as follows:

1⃣️Attract new investors: The market decline reflects the relationship between supply and demand, which means that the upward momentum driven by Bitcoin has weakened and new capital injections are needed. The best way to inject new funds is price increase and high explosiveness, which is one of the reasons for the recent crazy rise of MEME currency.

2⃣️Prepare for a better rise: There will be at least two to three major adjustments during the bull market, and the market will continue to rise after each adjustment. Consolidation or decline after a decline can allow unstable investors to exit and realize the redistribution of wealth. Unless it is the last decline, the previous declines are all for the subsequent higher rise.

3⃣️The essence of finance is wealth transfer: market decline is not the disappearance of funds, but the redistribution of funds. The decline is to obtain more chips, attract more market participants, and prepare for the next round of impact at higher points.