The feeling of getting out of the deep bear market in the past week

A question that many people are concerned about is whether there is still a cottage season now?

According to statistics, the total market value of cottages will reach its peak 546 days after the last round of Bitcoin halving. Now more than 60 days have passed after the halving, which is about mid-October 25, and the bull market of cryptocurrencies will be completely declared over.

So now this stage is to wash away those who are not firm. Yesterday, ETFs continued to flow out, but the outflow of Grayscale was not large. However, the deterioration of the macroeconomic environment made it difficult for spot ETFs to see positive inflows. I don’t know when the reversal will occur. The most critical support level of 6.6w was broken, and the death cross appeared on the 4-hour trend chart. In addition, Bitcoin is now below the MA200 moving average. Many people’s emotions have become somewhat negative. If Bitcoin wants to establish bullish confidence, it must stand on 6.8, which seems to be a bit difficult now.

You can also see that compared with the past, Bitcoin is more stable. Even so, it has never fallen by more than 30%. This is because there is a spot ETF, so Bitcoin has not collapsed on a large scale. On the contrary, the decline of altcoins is very large. In this market full of uncertainty, many people will focus on Bitcoin, and the pressure on altcoins will be greater.

Now everyone is waiting for the trend to reverse. The turning point is that the Federal Reserve begins to continue to cut interest rates, and there is also the Ethereum sector, because its ETF has not been passed. If the ETF is passed, Ethereum will definitely explode. So now the overall market is being washed out crazily, and the next outbreak may be the passage of Ethereum.

But if Ethereum is passed, it will be almost September at the fastest, and December at the slowest. You said there are still three months in the middle, right? But we still have to go the way we should go, and then we don’t need to look at all the current ones, there is nothing to see. Those who are capable can consider filling this position! ! !

Finally, if you are a newcomer in the currency circle, then I suggest you pay attention to me first, learn the knowledge of the currency circle with me, and make up for your basic skills.

A tall building starts from the ground, and you can only rely on yourself to achieve glory. Only by laying a solid foundation can you go further.

#IO  #NOT  #BOME  #BTC  #ETH