According to everyone's understanding, what stage do you think the cryptocurrency market is in now?
If we look at it from the perspective of the bull and bear stages, we are now in the middle of the fourth cryptocurrency bull market.
A 4-year cycle, a 3-year bear market, and a 1-year bull market. In the 1-year bull market, the first 8 months are basically a slow wash-out decline.
The next 2 months are a rush, and the last 2 months are a peak.
Strictly speaking, the bull market started in December 2023. So now the bull market is interrupted.
There are about 6 months left in the bull market. The real outbreak period has not yet come.
The outbreak period should be in September-October. It will end around May 2015.
Of course, this is not true. This is just my opinion based on history. It cannot be counted.
I don't know if it is right or not. But the law of the past cycle is like this.
The cryptocurrency market will not rise or fall all the time. This market is developing very quickly.
It must rise rapidly to finally catch up with the market value of gold.