At present, the market is approaching the end of digesting the negative news:
1. Mentougou has landed. The Mentougou incident is like a time bomb, which always disrupts the market rhythm. Now that Mentougou has been fully landed, the selling pressure of 140,000 BTC is not large, and there will be no negative news of Mentougou compensation in the future. Waiting for the selling pressure to be digested to pave the way for the subsequent rise
2. The panic index has reached the panic level. Every time it reaches the panic level, it is basically at the end of the wash market. The market sentiment will gradually recover and pave the way for takeoff
3. The chain is sluggish. BTC and ETH chains continue to be sluggish. GAS fees are extremely sluggish. Every time the chain cycle is sluggish for more than 2 months, it is a favorable signal for an upcoming rebound
4..SEC's regulatory attitude has eased. In the past two years, the SEC has always been unfriendly to the crypto market, causing panic in the currency circle. At present, the SEC may have been affected by the election and its attitude has eased. It has approved the BTC ETF. At the same time, the ETH ETF has also been approved. In addition, many altcoins that have been targeted by the SEC recently have favorable news, and the SEC is no longer targeting them.
