I can tell you with certainty that the bull market is not over yet, and once the trend is formed, it will not be easily reversed.
The current macro-structure analysis is actually very thorough, because the ETH spot ETF application has been approved, as long as some of the tens of trillions of dollars of big players such as BlackRock leak into the cryptocurrency circle through the cracks in their fingernails, Bitcoin will be able to break through its previous high.
Then why has the net inflow of large investors decreased recently, while Grayscale has continued to experience outflows?
The following are some of my opinions. If you think what I said is wrong, please leave a comment.
First, from an emotional perspective, it has been determined that the market will need time to adjust, which will take approximately half a year or more.
Second, the economy has cyclical properties, and the cryptocurrency world also has bull and bear cycles. Each bull market in Bitcoin is different, but they all have one thing in common. These commonalities will not disappear in a few hours. To put it simply, BTC will come out of the bull market about 10 months after each halving, and this has never changed.
Third, if you don't know how to analyze the market, you can click on my profile picture to learn about the bull market layout. Combined with the current market, I personally think that the market will be volatile in the next few months. Why do I say that?
First, BTC will not fall too much;
Second, the increase of ETH itself is weaker than that of BTC, which is reasonable. Even the king of copycats cannot do this, and their disciples generally will not have too outstanding performance, which is indeed the case;
Third, often the copycat stocks go into a bear market after a crazy increase of dozens of times, and the wash-out is also severe, but currently 95% of the copycat stocks do not have much increase;
Fourth, there is no inflow of funds from the outside market, and new projects are emerging in an endless stream. The market value of more than one billion US dollars is directly listed, and the ending is doomed. After the heat is over, there will be only a decline, such as (omin)
Fourth, it is easy to make the right choice when looking from a high point. This is why Moyin Coin can rise. If value coins are not working, then Moyin will become the stimulant of the market.
Fifth, and the last point, the market is always right. When the suppressed emotions begin to explode, when the U.S. cuts interest rates, and when the trend reaches that point, what is coming will definitely happen. What happens in this process will make you negative, lose faith, be confused and panic, etc., but the market will not defeat you, so the victory will always belong to you.
If you don't know how to enter the market and can't clearly analyze the market, then click on my avatar and read my profile. The specific layout will be notified in the circle. Whether you can keep up with Congge's pace depends on you.
