From the 'Thanksgiving Curse' to 'Bull Market Signal', the truth behind the dramatic shift in Bitcoin market sentiment
Introduction: Key moment for market reversal
In the past seven years, Bitcoin has always struggled with a downturn during the Thanksgiving period, and investors even termed this phenomenon the 'Thanksgiving Curse'. However, during Thanksgiving 2023, Bitcoin not only broke this curse but also set a recent high, nearing the $100,000 mark. What market secrets lie behind this rare phenomenon?
I. Data Interpretation: Breaking Historical Curses
1. Price Performance
During the Thanksgiving period, Bitcoin prices stabilized above $95,000
Increased by more than 120% compared to the same period in 2022
Market volatility significantly decreased, indicating enhanced stability
2. Market Characteristics
Trading volume continues to rise
Accelerated inflow of institutional funds
Increased demand for over-the-counter trading
II. Deep Reasons Behind the Turning Point
1. Improvement of the macro environment
Inflation pressures gradually ease
Expectations for a shift in Federal Reserve monetary policy strengthen
Global economic uncertainties drive demand for safe-haven assets
2. Positive industry fundamentals
Expectations for Bitcoin ETF approval heat up
Institutional investor participation increases
Regulatory environment gradually clarifies
3. Technical breakout
Breakthrough of important resistance levels
Long-term trend line support is effective
High correlation of trading volume
III. Investment Strategy Suggestions
1. Short-term operation suggestions
Pay attention to the pressure at the $100,000 integer level
It is recommended to accumulate positions on dips
Set stop-loss levels to protect profits
2. Key points for medium and long-term layout
Grasp the market cycle rhythm
Pay attention to changes in industry policies
Emphasize risk management
IV. Risk Warning
Market volatility risks still exist
Regulatory policies have uncertainties
Beware of short-term profit-taking pressure
Conclusion: A new market pattern is forming
Bitcoin breaking the Thanksgiving curse is not just a coincidence, but a concrete manifestation of improving market fundamentals. Driven by multiple favorable factors such as institutional funds entering the market and improved policy environment, the cryptocurrency market is ushering in new development opportunities.