Is the bull market in the cryptocurrency market, which many people are concerned about, still there?
1. Technical side
Look at the overall situation, determine the bull and bear, and distinguish the stages;
At present, judging from the market trend, the current market trend belongs to the bull market, and the characteristics of the bull market include the following points.
The high and low points of the K-line continue to move up; the price continues to break the previous high; the callback shrinks and the rise increases; the market runs on the right side of the long-term downward trend line; and runs above the long-term upward trend line.
And the above characteristics are fully met from the market.
Therefore, the conclusion drawn from the market analysis is that the bull market is still there.
2. Policy side
With more and more institutions and countries participating in the world, the landing of Bitcoin spot ETF and Ethereum spot ETF, the policy side tends to be improved and implemented, which is a long-term positive, as well as the establishment of a qualified exchange in Hong Kong, etc.
3. Funding side
With the Federal Reserve about to open the interest rate cut channel in September, the global financial market will usher in the opening of the floodgates, and for the financial market, the interest rate cut will be a long-term positive.
4. Fundamentals
This bull market will be an era of transition. The currency circle has gone from chaos to compliance and maturity, from speculation to application, from wild growth to value investment. Various favorable factors continue to emerge. The trend will not be transferred by personal will or a certain country. It will definitely be the general trend.
5. News
The currency circle is a field of information explosion, which will lead to high requirements for our personal ability, the ability to distinguish the true from the false, and the ability to identify which news is helpful for us to make trading decisions. The same news, different cognition and discrimination ability will bring different results. This is a test of personal comprehensive analysis and judgment ability.
In summary, the bull market still exists at this stage of the currency circle.
