This round of bull market is likely to have ended, and there is a high probability of a correction next week. The reasons are as follows:

1. From the perspective of seeking a sword, this round of bull market is very similar to the one in mid-2019. In June 2019, the Federal Reserve began to cut interest rates, and the market began to rise from April 1 to the high point on June 26. 13970, the range reached 70% of the bull market high in 2017, which lasted about 2 and a half months. Among them, various pyramid schemes were rampant in China at that time, and the most famous one was plus token. This round of bull market has lasted for more than 2 months since October 15th. The reason is that the Federal Reserve suspended interest rate hikes and ETFs. The climax was also driven by various inscription pyramid schemes, and junk coins and altcoins were flying everywhere. The current high of 44,700 in this round is almost 65% compared to the 2021 bull market high.

2. Judging from the current market situation, the upward momentum is quite lacking, and all funds are pouring into the Inscription sector to speculate in turn. The inscriptions on each chain are one after another, and they are almost finished. It is difficult to continue a new narrative.

3. Judging from the time, next week is Christmas in Europe and the United States. The main players in Europe and the United States will enter the holidays, and market trading volume and funds will drop significantly.

4. The market leverage ratio is already quite high. The capital fee of the perpetual contract has reached a very exaggerated level. Even the interest on borrowing U has remained above 15% for a long time. The collapse of high leverage is imminent.

5. At present, all the benefits have basically been exhausted, including the high probability event of ETF passing in January, the Federal Reserve suspending interest rate increases and starting to cut interest rates in the first half of next year, etc. #BTC #sats #BONK #INJ #Ledger