The core of the collapse of the last bull market lies in the superposition of multiple factors, and the Fed's interest rate hike is undoubtedly one of the most significant triggering factors. The weather vane of bull-bear conversion is often hidden in the comprehensive changes in macroeconomic policies, market sentiment, and internal indicators of the cryptocurrency market. The Federal Reserve's interest rate hike means an increase in the cost of funds and a tightening of market liquidity, which is undoubtedly a huge pressure on the cryptocurrency market that relies on funds to drive it.

History is always full of lessons. Investors in the last bull market were slow to respond to the Fed's interest rate hikes in the early stages. The market was still immersed in the illusion of a short-term rebound. It was not until the chain reaction of the interest rate hikes gradually emerged that the market suddenly realized it. But this time At that time, most investors were hung at a high level, and some cryptocurrencies even eventually dropped to zero, which is sad.

As for the current market status, whether the bull market continues or the bear market has arrived, or whether it is halfway up or at the top of the mountain, this is a complex and dynamic issue. The Fed's interest rate cut policy and macroeconomic indicators such as non-agricultural data do provide us with a certain reference basis, but market trends are often affected by more unknown and unpredictable factors.

As an important indicator within the cryptocurrency market, Bitcoin hash rate is currently at a level similar to the lows after the FTX crash. This phenomenon is indeed worth pondering. It may mean that the market is experiencing similar adjustment pressure, but it may also indicate that a new turn is coming. After all, history does not simply repeat itself, but it often repeats itself in some form.

When investing in the currency circle, risks and returns coexist. The key lies in how to balance it. In the face of market fluctuations, investors should remain calm, analyze rationally, and make decisions based on their own risk tolerance. At the same time, we must also realize that whether it is a bull market or a bear market, it has its own unique investment opportunities and strategies. The key lies in how to grasp them.

All in all, we should maintain a cautiously optimistic attitude when judging the current market, pay close attention to market dynamics, and respond flexibly. If you want to know about specific opportunities and specific decisions, check the first pinned message on the homepage #BTC☀ #ETH🔥🔥🔥🔥