Today is June 24th, which is not only twice as long as March 12th, but also May 19th in the lunar calendar. Since mid-March, Bitcoin has been adjusted for 3 months, accompanied by the continuous decline of altcoins. From correction to rest, and then from rest to bloodbath, the market is now in despair. In the past few days, the market has been almost silent, and the decline has made people numb.

This round of early market voices are noisy, such as "speculating on new but not old", "not taking over each other", and "expectation of interest rate cuts". As a long-term practitioner, I have deeply felt the trouble of these noises. Recently, everyone has started talking about the altcoin bear market again, and even used the Mentougou incident to fuel the flames.

The darkness before dawn is often the quietest. As Jack Ma said, "The day after tomorrow is good, but most people die tomorrow." Let's take a look at the current situation of the market.

Bitcoin adjusted at a high level, and after a week of sideways consolidation, it stepped back again, breaking market expectations. This kind of imbalance often leads to the market entering a deep fear, and then the market reverses. This is the normal rhythm of the market and a classic trading method of Wall Street. Coupled with the release of the Mentougou news, market sentiment turned from bullish to bearish.