Review and Outlook of the Cryptocurrency Market: Learn from History and Gain Opportunities

In the wave of the cryptocurrency market, the recent market trend is like a thrilling drama. The pullback of the US stock market is like a stone thrown into a calm lake, which has aroused ripples in the cryptocurrency market and triggered a series of chain reactions.

From past experience, the dealer's operation methods seem to be traceable. The bull market in 2021 is a typical case. Bitcoin took the lead and the price continued to rise, while Ethereum seemed to be "standing still" for a period of time. It was not until January 19 that Ethereum broke through the previous high, but then the market experienced a sharp drop on the 21st, with a drop of 20% in one day, and many leveraged investors were washed out. The shock of about a week thereafter was actually the calm before the storm, and then the journey of pulling up began. The price of Ethereum doubled, and many altcoins ushered in a 10-fold increase. This carnival lasted until May 19, and then the market entered a period of market that had nothing to do with most people.

At present, the market seems to be repeating history. The price of Bitcoin fluctuates repeatedly between 100,000 and 92,000, and Ethereum also hovers in the range of 3,300-4,000. Through this "painting door" operation, the dealer gradually forms a mindset of selling at high prices for retail investors, just like the story of "The Wolf is Coming", but no one knows when the real market will break out. However, based on historical laws and the practice of dealers pulling up the market at the end of the year, perhaps this year will also allow retail investors to usher in a wave of market conditions on the eve of the Spring Festival. However, the currency circle is ever-changing, and market uncertainty always exists. Investors need to be vigilant at all times and look at market fluctuations rationally in order to find a chance in this game.