Will there still be a bull market in 2025?

As long as the Federal Reserve continues to cut interest rates, the probability of a bull market in the crypto space will be very, very high. In fact, the probability of a bull market coming in 2025 is very high. However, some believe that the real bull market occurs before the first rate cut, which would be the realization of positive sentiment, leading to a significant drop. The performance of the U.S. stock market serves as evidence of this. Although small cryptocurrencies have been falling for half a year, liquidity is still decent, and it largely depends on Bitcoin's performance. However, without new liquidity, the potential for price increases will be constrained, and the market might cycle through before collapsing.

Therefore, whether to invest in early-stage small cryptocurrencies depends on confidence. In the later stages, it will depend on whether they have the strength and sufficient liquidity. In short, only when Bitcoin stabilizes will the smaller coins dare to move. Otherwise, it remains a matter of confidence.

How do we see the market going forward? Key driving signals!

The market has reached this point, breaking through previous resistance levels, which can be seen as a breakout signal.

Some people remain bearish, while others are already filled with information about the 100k mark.

What do we expect for the future market?

Only make plans, set possible scenarios, and manage positions in advance.

Personally, I expect more fluctuations, and now everyone knows it.

There is a key driving signal, which is that around November 5th, the results from the United States will be finalized.

The U.S. is very friendly towards our crypto space. If they succeed, it will undoubtedly lead to a significant rally.

Therefore, before November, it should be a time of intense competition between both sides, and the market will likely follow a path of wide fluctuations.

Just don't be caught in a double explosion of bullish and bearish sentiment. In spot trading, do not chase bullish trends; the main upward wave will not spike immediately and will provide many opportunities for people to buy in.

It will drop down and then go up again, no need to rush or fear missing out. After all, just in case, I mean just in case, if it goes up, that could be a negative signal, likely leading to a black swan event.

This also requires some preparation for holding current positions; this is a personal opinion and not investment advice.

On the macro front, with the elections approaching, we can see that the approval rating of the ruling party is far ahead, which is the biggest positive for the crypto space. Bitcoin's narrative in the fourth quarter needs to rely on the ruling party's victory for support; right now, it seems pretty stable.