Comprehensively speaking, there is no basis for a bear market at present:
The halving has just ended, and there have been appropriate adjustments after many halvings before, which is also normal this time.
The interest rate cut has not yet started, and every time the interest rate cut occurs, a large amount of funds will flow into the market
The market is not crazy enough. In this round of market conditions, Bitcoin has just broken through the previous high, and market expectations have not been fully opened.
There are not enough newcomers entering the market. In each previous bull market, there were too many newcomers and new funds entering the market.
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