The market has been quiet recently, and some people think that the bull market is over. What do you think?
BTC's bull market may have entered the middle stage, but Web3's bull market has not started yet. There is a lot of pessimism in every bull market.
Macroeconomically, interest rate cuts are just around the corner (in the next 6-10 months), and Bitcoin has just passed its previous high. It is impossible to end it now.
Due to the sideways trend of Bitcoin and the lack of hot narratives, the recent market has almost no wealth-making effect, which will gradually dissipate the confidence of many people in the market. I always feel that no one can accurately predict the market cycle. The sideways stagnation of prices does not necessarily mean the end of the bull market, but may be a consolidation stage before the next trend. I still have a positive attitude towards the future.
According to historical trends, the bull market should not have ended yet, or the real bull market may not have started yet. In the past, the halving cycle was the stage of a big rise. Although the BTC spot ETF exploded in advance, the US election at the end of the year and the implementation of FASB will still help liquidity.
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