$BTC
Since Bitcoin fell from 73,000, many people have had disagreements. Some say that the bull market is still going on, and some say that it has turned from bull to bear. In the face of such statements, we should have our own ideas and not just follow the crowd...
Since October last year, the entire market driven by Bitcoin has been rising all the way. All coins have basically increased by 2 to 10 times. After the correction, the market sentiment has been continuously declining. Many people think that the bull market is over and it is on the way to the bear market. I personally think that it is only the end of the bull market, and the big bull market is still on the way. The reasons are as follows:
1 Many altcoins are still at the bottom of the monthly line. Even if it is difficult to break through the previous high, they will not fall into the bear market from now on. Thinking in reverse, if they enter the bear market from now on, then the survival of altcoins in the future will be very difficult, because people will not buy them in the future, which will be a catastrophic blow to the entire currency circle
2 Howard, a famous American investor, wrote a book called Cycles, in which he said that history will not be completely consistent, but will be surprisingly similar. The halving of Bitcoin has become a guide for market consistency, that is, the formation of a bull market, so when the market is looking forward to it, the capital market will definitely not miss this opportunity to harvest leeks
3 As mentioned earlier, Bitcoin is halved, miners' costs increase, selling pressure is less, ETFs are passed, and interest rate cuts may be in September this year. So many positive factors are concentrated in 2024, so everything is paving the way for the big bull, so the big bull is still continuing!
4 Finally, I combined the trends of the last bull market and the altcoins. In the first half of 2020, when the bull market was strong, the rise of Bitcoin was very strong, and the altcoins did not fluctuate much. In the first half of 2021, when Bitcoin broke through a new high, the altcoins collectively broke out, which is what we call the altcoin season ~ and it is very similar to the current trend... Many people may say that I am trying to find a sword by carving a boat, at least the current trend is the same as the trend of the last bull market ~
In short ~ the bull market is still continuing, and the current market is still dominated by fluctuations. It is not recommended to short positions. At least keep 50% of the positions, and the other 50% can take part of the band, or enter the market depending on the situation. Finally, stay away from contracts...
