I think this is what many people are worried about, because Bitcoin has risen to 31,800 this year since it fell to around 15,500 at the end of last year. However, from the initial doubts, fear of the bear market, to the greedy pursuit of the rise later, many people thought that the bull market was coming, and deployed various altcoins with the dream of getting rich. Now the market is cursing altcoins and is not optimistic about Bitcoin. The voices in the market all point to the end of the market.
Almost everyone thinks that there will be a big crash next, and they are waiting for Bitcoin to fall sharply before buying funds, but can they really get what they want? First of all, we need to know that if Bitcoin wants to fall sharply, then we need to confirm that the upward trend of $15,500-31,800 has ended.
I analyze the weekly chart every Monday and keep reminding myself that "it's too early to say that the trend is over." At present, there is no sign that the trend has ended. This month is a quarterly delivery month. It is normal to have a callback and a surprise, but the first half of the month has fallen, so the delivery date at the end of the month is likely to fail. The quarterly delivery month is not contrary to the trend of Bitcoin. Some major and minor currencies with valuable potential have shown signs of stopping the decline. June has passed, and I am still looking forward to July and August. Many people in the market are not optimistic about the next market. Everyone is speculating. Everyone thinks that when Bitcoin rises to 3W, it should be over. They are comparing the latest wave of the Mavericks with today's market, but what's the point? There is an idiom called "carving a boat to find a sword." If you don't understand technology and don't know how to read the market, you just use history as a reference, but what does history repeat? Why did the old leeks who came in 2017 and 18 experience two rounds of bull markets, but did not make money, and did not escape two rounds of bear markets? This is a question worth pondering.
Many people also say that the bull market revolves around the Bitcoin halving, which is indeed the case. Bitcoin will halve around April 2024, but many people say that the bull market will start in 2025, so what is the basis for this? The last bull market started 10 months before the Bitcoin halving, and the previous bull market started 2 months before the Bitcoin halving, so will the next bull market be before or after the halving? How to judge the fund signal to buy funds? If the next big bull market has begun to slow down now, will you go to the second floor to wait if you miss it? If it rises in July and August, you catch up, but Bitcoin starts to fall again, you don’t know where it will fall, should you sell it or not? With the development of the blockchain industry, the consensus is getting stronger and stronger, and retail investors, institutions and major financial forces involved in the blockchain will make the market more and more complicated. To give a very simple example: in 2021, most mainstream coins, secondary coins, and imitations will peak in April-May and start a bear market, but Bitcoin will start a bear market in November 2021. In 2022, most coins will bottom out in May-June, but Bitcoin will bottom out in November 2022. Bitcoin has risen from $15,487 to the current $30,000, while most other coins have not yet started. From this data, we can see that the market is becoming more and more complicated. Bitcoin is just one of the important nodes that affect the market, such as bull-bear conversions. Usually, it is transferring from other primary and secondary markets.
Although we know that Bitcoin will be halved in April 2024, which coins are the most valuable and have the greatest potential in the next bull market? To begin with, are there any corresponding strategies to deal with it? Therefore, we can't just listen to the news and invest. Everyone's investment funds are hard-earned, and they invest only to improve the quality of life of their families. There will be a big bull market next, and this wave of bull market can change the fate of a person or even a family.
But when the big bull market starts, you can't just listen to others and know, you need to analyze the market. Only when the market shows a signal that the bull market has started, can the test start. At present, it is obvious that the current wave of trends has not ended, so you can calmly carry out the current transactions, how to catch it next, if you don't catch it well, how to catch the future bull market? Is it a small bull market first, and then a sharp drop, before the big bull market starts? Or will it go directly into a super slow bull market next? These are all uncertain, and you need to track the market in real time and formulate strategies for the market. Bitcoin fell to around 15,500 last year, which means that the big bear market is over. Some high-quality coins with the potential for the next big bull market have bottomed out. Even if Bitcoin bottoms out before the big bull market arrives, the probability of these coins will not be lower than the current price. The bottom time of each sector and each currency is different, and the start time is also different, so you must seize the current opportunity and make all preparations for the future bull market. #BTC #ETH $BTC $ETH
