The final consolidation stage is a critical moment of decision. If you give up, you may need to work hard for another ten years to accumulate the corresponding wealth.
Facing the current market, we can start from a few simple logics.
First, from the monthly trend of Bitcoin, the characteristics of the bull market are very obvious. Although there are several sideways lines on the monthly chart, this is just a consolidation of the market near the new high, intended to clean up the profit-taking and lay a solid support for the next wave of rise. This situation has also appeared in previous bull markets, such as when Bitcoin reached $6,000 in 2017, and before the second wave of the main rise in 2020, Bitcoin consolidated around $10,000 for 6 months.
Secondly, for investors in altcoins, it is crucial to learn to delay enjoyment. Although the siphon effect of Bitcoin still exists, the hot outbreak of altcoins is also quietly taking place. It's just that these changes are delayed with the cyclical changes in the market. Especially in the current market environment with many leeks and a wide variety of currencies, the main funds are also waiting for the opportunity through washing the market, preparing to launch a more fierce offensive. From the indicator point of view, the current position of the altcoin to Bitcoin is in the bottom area, indicating the arrival of the eve of the outbreak.
Furthermore, we need to correct our mentality. The market is full of pessimistic voices, and many people are wondering whether the bull market is about to end. However, this pessimism just shows that the main funds have a significant effect in washing the market, and the market is moving in a healthier direction. Therefore, we should remain calm and rational, and not be swayed by short-term market fluctuations.
Finally, from the perspective of future positive factors, the second half of the bull market is inevitable. These positive factors include the launch of ETH ETF, the results of the Prague meeting, the expectation of interest rate cuts and the substantial capital inflows brought about by interest rate cuts, the promotion of cryptocurrency policies by the US election, and the Basel Committee on Banking Supervision's policy of allowing banks to hold cryptocurrency reserves. These positive factors will provide strong support and motivation for the market.
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