An in-depth analysis of the signs of the last bull market crash and the turning point of the bull-bear transition~~! !

Looking back at the past, at the end of the last bull market, a key signal suddenly emerged - the Federal Reserve's interest rate hike. This is not only a sign of changes in the market, but also a lesson that investors need to keep in mind. Therefore, at the beginning of this bull market, many investors acted cautiously and waited for clear signals from the Federal Reserve to cut interest rates before daring to step into this market full of opportunities and risks.

Imagine that if the Federal Reserve suddenly announces a rate hike, my suggestion is: sell your cryptocurrency immediately without any hesitation, regardless of the current profit or loss. Historical experience tells us that the market's initial response to interest rate hikes is often lagging behind, and there may even be a false rebound in the short term, but this is followed by a long period of adjustment. Many people miss the best opportunity to escape due to hesitation, and in the end can only watch their assets being trapped on the top of the mountain. What’s more, some once brilliant cryptocurrency projects disappeared in the last round of bear market and became the dust of history. This is not only the cruelty of the market, but also a profound warning to the risk awareness of spot holders.

So, what is the current market environment like? Is the bull market still lingering, or has it entered the abyss of a bear market? Is it stable halfway up the mountain, or has it climbed to the shaky top of the mountain? These questions are undoubtedly doubts in every investor's mind. In my opinion, the cryptocurrency market has never been a calm ocean. Risks and returns coexist. Just like the old saying: "The bigger the waves, the more expensive the fish." The key is how we stay calm in these rough waves and find ourselves. balance point.

I insist that the current market is still in a bull market stage. This judgment is based on the Federal Reserve's interest rate cut policy and positive non-farm data. However, as for the specific position of the bull market, one indicator worth considering is Bitcoin’s computing power. Currently, Bitcoin's computing power has fallen to its lowest point since December 2022. This level is similar to the FTX collapse period, indicating that the market may be at an important turning point. The lowest point of the last bear market was a turnaround at a similar level of computing power. So, what does the current computing power situation mean?

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