The second bull market in 2024 is about to kick off!
From a fundamental perspective, whether it is the successive approval of ETFs of major currencies or the expectation of interest rate cuts, it is a positive macro-level existence!
From a technical perspective, the bottom of 15,000 in 22 years has only risen by 300% so far, which is just a warm-up of market sentiment. From the high point of 73,777 in mid-March to the current retracement of 15%, there is no necessary element of collapse!
There will be repeated tug-of-war and various news or technical forms of bullish and bearish in this daily sideways trading, but this is already at the end of the tug-of-war.
Emotionally, the last round of bull market was a small bull market before the production cuts. After the production cuts, there was an opportunity to buy the bottom after the plunge, and then another round of big bull market. Those who have experienced it know that this was a special situation in the market at that time.
Now many people are waiting to continue to buy the bottom and get rich after this round of plunge. In fact, this is just a God's perspective of carving a boat to seek a sword. At that time, many people were still scared to death when the plunge occurred.
Another thing is that when the market's expectations are consistent, it will definitely not develop in this direction, so there is no sharp drop in this round, but a general strategy of sideways trading and using time to consume!
In summary, the bull market is definitely still there. The 300% increase can only be said to be in the early stage of the bull market. The second wave of the market will only be stronger and higher!