Bulls go? Bears come?

History often does not repeat itself, but there may be surprising similarities!

I don’t know how many people have experienced the bull market from 20 to 21. The situation of that bull market is as follows:

First, the market started to pull in mid-October 20, and the reason was the influx of a large amount of capital from the United States;

Second, at the end of April 21, the weekly line of the big cake crossed and continued to pull for half a year;

Third, after the dead cross, it encountered a 519 crash. The big cake went through more than 2 months of adjustment until it started the second pull around July 20;

Fourth, the big cake pulled until November 23 and began to plummet, accompanied by the expectation of US interest rate hikes, and completely entered a bear market.

This round of Bitcoin bull market from 2023 to 2024 has extremely striking similarities:

First, the market started to pull up in mid-October 2023, also because of the large amount of capital inflow from the United States;

Second, Bitcoin weekly line dead cross at the end of April 2024, and it also pulled up for half a year;

Third, after the dead cross, Bitcoin experienced multiple single-day plunges and adjusted for more than 2 months, and then...

If you firmly believe that there is still an opportunity for a second surge in the future, then there will be an excellent opportunity to lay out the bottom chips!

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