Yesterday, Bitcoin briefly fell below $60,000, and then closed up, triggering panic in the market. Today, I saw many people discussing that the bull market has ended. Bitcoin did not fall much some time ago, but the altcoins fell more. Many people are worried that if Bitcoin falls later, the altcoins will be in a bloodbath. Let's take a look at yesterday's market. Bitcoin fell, but many currencies did not fall much. Last year, I said that the market has diverged, and the trend of each currency has begun to not follow Bitcoin, and has begun to follow its own market.

Some time ago, Bitcoin fluctuated and altcoins fell, which can be verified.

There are many reasons for the market correction during this period. Quarterly delivery is one, and the other is that the main force wants to make retail investors desperate. Only in this way can it be in the interests of the main force. Many people say that Bitcoin will fall to 50,000. I personally think this possibility is not great. After the halving, the cost price of Bitcoin miners is increasing, and the cost price of institutional Bitcoin ETFs is between 45,000 and 50,000.

Many retail investors did not actually have Bitcoin in their hands before, but the main force was frantically washing the copycat market, just to make retail investors switch positions to Bitcoin, but the fact is that many retail investors really switched positions to Bitcoin. Near 60,000 US dollars is a key position, where there will be a phenomenon of long and short competition. Although this position is very important, it does not mean that the bull market is over if it falls below.

The point I said most during this period is: it cannot be considered a bull market just because the price rises, nor can it be considered a bear market just because the price falls. Such a view is too subjective and not professional enough.

Maybe many people will question me now, but when the bull market really ends, they will know that what I said is the fact, but it is meaningless at that time, because once the market is missed, there will be no more opportunities.

There are more bearish people than bullish people at the moment, so it will cause panic in the market. My point of view has always been very clear, and it is still a bull market.

Bitcoin has been fluctuating between 60,000 and 73,000. This was my view three months ago. The second half of the year will definitely be a valuable potential for altcoins. The difference lies in whether your coins are among the rising currencies.

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