Why is this round of the cryptocurrency bull market not as explosive as the last bull market?

Global liquidity has started the bull market, and the bull market has actually started quietly. The world is gradually releasing liquidity.

So why is it not as explosive as the last bull market?

The main reason is that the rhythm of this liquidity is different. In 2020, in order to cope with the impact of the epidemic, the Federal Reserve cut interest rates by 150 basis points within a month, and countries around the world quickly followed suit.

This brought about an explosive rise in Bitcoin, which rose to $65,000 in half a year, an increase of 20 times.

And then because the liquidity stopped, Bitcoin only rose slightly to $69,000 at the end of the year, basically the same as the high point in April.

This round of cycle is a slow release of liquidity, and it is expected to cut interest rates by 200 basis points in the next six months, instead of falling to the bottom as quickly as in 2020.

Therefore, this round of bull market is more like 2017, and it will be a process of continuous rise, which rose for a full year and a half. The cryptocurrency market did not rise from March to September this year because the Federal Reserve has not yet cut interest rates, and the market lacks incremental funds, resulting in sideways trading.

But now, major economies such as the United States, China, and Europe, except Japan, are gradually moving towards quantitative easing. With the approval of Bitcoin ETF, a bull market is brewing.

All you need to do is hold your coins and wait patiently. There may be a 3 to 10 times return next year.

In the short term, if Trump takes office in early November, it may become a market explosion point. The currency circle urgently needs this stimulus. Bitcoin is expected to break through the previous high and directly increase by 20%. It is also possible to reach $100,000 by the end of the year.

From the weekly chart, Bitcoin really did not break through the downward channel. Only when it breaks through and stabilizes at $69,800 can it be said that the decline is over, the market is reversed, and the fourth round of halving bull market enters the fast lane. Before the bull market starts, before the liquidity brought by the Fed's interest rate cut officially comes, the market will continue to fall to wash the market;

The way of decline may be continuous negative decline, shock rebound, continued negative decline, rapid decline, retail investors cut their losses, leverage is cleared, wash-out is completed, light vehicles move forward, and the bull market takes off.

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