Is this big correction in the cryptocurrency market a reverse car to pick up people, or a bull-to-bear market?
If we use the phrase reverse car to pick up people to describe this big correction, it is not impossible, but it feels that capital is too kind. Capital can never be kind, because considering that some people have not gotten on the bus, the price of the currency is smashed down just to get everyone on the bus. This statement is contrary to the nature of capital. In the capital market, chips are bloody. It is basically impossible for you to easily pick up cheap chips. The capital market is like a tiger, opening its bloody mouth and devouring those weak retail investors. This correction is necessary: after the Bitcoin ETF was passed, the market rose too fiercely, surpassing the previous high in an instant, rising all the way, accumulating a lot of profitable chips, and not experiencing a decent wave of adjustments. If it continues to rise in this way, it will not be easy for Bitcoin to break the 100,000, 150,000, or even 200,000 mark. The car is too heavy, and while pulling, chips will continue to get off the car. This results in taking two steps forward, taking one step back, or even returning to the original place. What to do? Washing is healthier.
Everyone knows that the halving every four years is a major benefit to the currency circle. Every round of the currency circle is related to the halving of Bitcoin. When everyone is immersed in the good news, it is the best time to smash the market. The operation of capital is always so anti-human, and only in the anti-human operation can the harvest be easily completed. At this time, retail investors are always the only ones to be harvested. Some of them are eager to get off the bus after making a little profit, some are holding on hard, and some are really unbearable and cut off. When the blood flows like a river, capital begins to collect bloody chips. When enough is collected, it will start to pull the market rapidly, leaving those who got off the bus at the beginning far behind. Bitcoin will eventually go to a new place and create a new height. While the height of the block continues to set new highs, the price of the currency will also constantly refresh the three views of many people.
