Recently, many people have started to prepare for bargain hunting. They have some spare money but are afraid that they can't spend it. More and more people are consulting about halving and bull market. Yiming's point of view is: next year's halving may disappoint many people. The impact of halving on bulls will become smaller and smaller, and the rise of the next bull market will not be born because of halving. Many people may be confused. Obviously, the past few halvings have given rise to bull markets, so why not this time?

First of all, the Bitcoin supply is pegged at 21 million. So far, 20 million Bitcoins have been mined, and 1 million Bitcoins are left. This halving has little impact on the supply and demand of the entire market, and naturally the impact on the price is getting smaller and smaller. The impact of the previous rounds was large because the base was large, so the halving naturally had a large impact.

Secondly, looking back at past bull market rises, they were all without exception under the backdrop of loose economic policies. The next bull market will be the same. It will only be born against the backdrop of the Federal Reserve’s interest rate cuts.

About the current market:

Yiming's view tends to be that the price will rebound upward and then pull back. Bitcoin's lowest level yesterday was close to the first weekly support, and Ethereum is hovering near the first weekly support. The only thing missing is a K-line confirmation signal. For this round of rebound, expectations cannot be too high. According to the current position of Bitcoin at 27,500, there is no more than 10% room. After the middle of the month, it is likely to go out of the trend of a substantial correction.

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Message: I hope you will go through all the hardships and still stay true to your original aspirations, and stay firm on your own path.