Many people criticize whether it is a bull market or a bear market now:
First, in a bear market, the main force will use the rebound to attract retail investors to enter the market, and eventually be trapped at a high position. Those who have experienced it know that this kind of trading method is very common. Many people will misjudge it.
Now there are very few newcomers entering the currency circle, and old leeks have also cut their losses and left the market. Think about three years ago, exchanges, mining farms, project parties, communities, and major public chains were flourishing, and there were various narratives every day. This round only has memes and a few copycats, resulting in few incremental users.
In summary, Bitcoin's high sideways trading ≠ bull market.
But it doesn't mean that there is no opportunity now. Most retail investors in the bull market also lose money. When the funds in the bear market are exhausted, the funds will depend on the valuation, and the most important valuation is the project's investment and financing background and narrative, which is why Gravity came into being.
