Characteristics of past bull markets:
1.#BTCand#ETHboth broke through the historical highs of the previous bull market, which marked the official start of the bull market.
2. The daily K-line prices of Bitcoin and Ethereum deviate from the 60-day moving average by more than 30%, and the 60-day moving average continues to rise. This means that investors who entered the market during each time period have made profits.
3. The 30-day, 60-day, 120-day, and 200-day moving averages are dispersed, indicating that chips have begun to be dispersed and the market has a significant money-making effect.
4. Exchange activities are frequent, and project parties take advantage of the situation to issue new projects and seek to sell them at high prices.
5. Moments and group chats are full of profit-sharing and myths about getting rich. Investors are highly motivated and eager to get rich overnight.
6. The market value of Bitcoin has dropped to about 30%, the market value of altcoins has soared, and market risks have gradually accumulated.
7. The trading volume and turnover rate are extremely high, and the market is active.
8. The Ethereum Foundation began to sell coins frequently, and its wallet assets gradually flowed into exchanges.
9. Good market news continues to spread, and stories emerge in endlessly, each story has its own charm.
This atypical bull market will no longer follow the above script, but the only thing that remains unchanged is——
Those who only have a long-term view, do not pay attention to short-term corrections, focus on the bull market cycle, and hold on are the winners.
In history, those who only paid attention to the rise and fall midway were picking up sesame seeds and throwing away watermelons.
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