The current market situation is very special, and many investors are asking what stage the cryptocurrency market is in.
According to the previous bull and bear market cycles, the cryptocurrency market is now in the monkey market stage, between the small bull market and the big bull market.
The cycle of the cryptocurrency market is roughly a four-year cycle, which includes a one-year bear market, a one-year bottom adjustment, a half-year small bull market, a half-year monkey market, and a year of big bull market. This round of small bull market will start in October 2023 and is expected to end in March 2024, which lasts about half a year. The monkey market will start in April 2024 and is expected to last until August.
The key now is to see whether this round of wash is thorough. If the floating chips in the plate are thoroughly cleaned, the monkey market may end early; if the washing is not thorough, it may continue until September. At present, the cryptocurrency market is in the monkey market stage between the small bull market and the big bull market.
The big bull market is expected to start in October and last until April 2025. Big opportunities have not yet arrived. It is recommended to wait and see and wait for better investment opportunities to appear.
The article has a delay. If you don’t understand the market and need real-time explanations to learn technical techniques and experience, please read my introduction to the industry.
