Where is the bottom of the decline?
The cryptocurrency market has been plummeting for nearly 4 consecutive months, and this situation is surprisingly similar to that in 21 years! After the halving, the cyclical callback is like a demon descending. Will August and September usher in a new wave of rising frenzy, and the super bull market will start?
However, Bitcoin failed to break through the peak high of 7.3w. It began to fall like a cliff from the end of May and the beginning of June, and has retreated by as much as 25%! In this market, never have illusions or wishful thinking. Even the big cake may be cut in half, and it is common for those altcoins to fall to zero. Only by making the worst plan can we survive until the situation improves. The market sentiment is like a storm and can change in an instant.
At present, small households are like frightened birds, frantically selling and then waiting and watching, thinking about grouping together, asking around whether the market will continue to fall. But the big households have already quietly begun to lay out some of their first positions!
