The Bitcoin Conference kicks off, and the market enters a period of adjustment
As the Bitcoin Conference officially kicks off, the market unexpectedly enters a period of adjustment. This phenomenon once again confirms the long-standing rule in the circle: speculation is rooted in expectations, enthusiasm is high before the news arrives, and once the dust settles, the market enters a period of calm adjustment.
If you are still suffering from the "fear of missing out" (FOMO) for the grand occasion of the Bitcoin Conference, and fantasize that the price of the currency will soar during the conference, it may be a misunderstanding and naivety of market dynamics. In fact, the short-term carnival feast has quietly ended, and what should be left is calm thinking and long-term vision.
The real trend of the market still depends on the continuous accumulation of long-term benefits. We should be patient and wait for the arrival of positive signals such as interest rate cuts, rather than overly expecting the immediate effect of a single conference. Although this conference failed to lead the market to break through the $70,000 mark in one fell swoop, it also laid the groundwork for the future.
When market conditions mature, the next market launch may truly start Bitcoin's journey to the $70,000 mark. Let us look forward to this historic moment with a more stable mentality.
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