Shocking reshuffle! A major earthquake in the currency circle, is the Bitcoin bull market about to detonate an epic frenzy?
(Abstract homepage)
In recent days, the market has seen a violent reshuffle mode. I have reminded you many times: How can you enter the bull market directly without making most people cry? Many people cut their losses because of fear, and their emotions have fallen to the bottom. The altcoins are plummeting, and although Bitcoin has a limited decline, this is not because it is strong, but because the dealers are playing with market sentiment.
Don't be scared to shout 4-50,000 lows, and don't be fooled to shout 8-10,000 highs, these are all brainless calls. Multiple data show that this is all dog dealers manipulating your thinking. The bull market is still worth looking forward to, and it will be an epic bull market with super cashing. If you think this is impossible, it is because you have been confused by the market and used as a gun by the dog dealer.
In the current market, after Bitcoin fell below the bear-bull line on June 18, the mid-line trend continues to be bearish. The acceleration of the deep decline has not yet arrived. Now is the time to boil the frog in warm water, showing a step-by-step decline, rising 7 and retreating 10. In the short term, Bitcoin's ceiling is $67,750. Many old-fashioned altcoins, including the leaders of the sector, have fallen to the lower track of the weekly line, and some have even fallen below the middle track of the monthly line, but there is still a possibility of a 30% correction in the future. The third quarter is a good opportunity to buy spot positions at a low point, and the year after the fourth quarter will be our harvest season.
Looking back at the historical trend, except for the successful rebound after a wave of declines in June 2023, there was no sharp drop in 2020 because the market had just experienced the 3.12 incident. However, the market trends in May and June of 2021, 2022, and 2024 were not satisfactory, and the decline was quite large. Therefore, the saying "May is poor, June is desperate, and July is turning around" really makes sense, especially in a market with strong cyclicality and high historical recurrence rate such as the currency market. We must pay attention to this. Of course, the market downturn in May and June is also a great opportunity for us to lay out a turnaround in July.
