Has the market entered the second half of the bull market?
Regarding future trends, this cycle is likely to have a double top or triple top structure.
Double top forecast
If there is no recession before the US election, we may see a double top structure. The second top may appear in 2025 or 2026, just in time for liquidity release.
Triple top forecast
If the US economy enters a recession before the election, the situation will change. The first top may appear when the spot ETF is approved, the second top during the US election, and the third top after liquidity is released. These three top cycles, or double top cycles, are my expectations for the future highs and lows of the industry.
