Many people ask me if the cryptocurrency market is in a bull market now?

Then I will tell you that it is a bull market now.

1️⃣ The trading volume of the cryptocurrency market has been sluggish in the past few months, and the sentiment is at a low point due to repeated wash-outs.

2️⃣ Any rise is accidental and not sustainable. This is obviously not a bull market.

3️⃣ The overall environment of the financial market is not good. In addition to the US stock market's seven sisters stopping their blood-sucking and crazy rise, Japan is now raising interest rates, and the game of yen carry trade can no longer be played.

And don't forget that Black Monday on August 5 just happened not long ago. Once there is any moth in the subsequent yen arbitrage, the black trading day will come again.

Overall, the cryptocurrency market is now taking advantage of the Fed's September interest rate cut to tentatively warm up. It is hard to say how long this warm-up market can last. This wave of rise, remember to sell part of it, and then wait for a callback and shock, and then enter. I will remind everyone in my group!

In the long run, the second half of the bull market will begin, and in the short run, it will continue to wash out after a few days of flashbacks. I think the bull market is still here. It will continue into next year.