Grandpa's 117th day of checking in. The market has seen a rare small rise. Ethereum has re-entered above 1200. The recent strong Latiao has once again broken through 70 US dollars. The previously falling altcoins have followed the rise. At this stage, the rise and fall of the market depends on the mood of the main force. Although the decline has lasted for several weeks, in fact, careful people can find that it has not fallen much. For a bear market, a drop of 10-20 points is completely acceptable.

The two most important holidays of the year in Western countries have passed, and people will continue to do things after returning to work. Today's market may be a signal. I communicated with an investor yesterday and found a typical phenomenon: the price has reached the bottom, but the operation is still waiting and watching. Perhaps the extreme market conditions such as 312 are too attractive to people, causing everyone to get used to waiting for lower prices, but similar extreme market conditions may not necessarily come.

From the market perspective, the current stage is definitely the bottoming stage. If you want the bull market to be high, you must work hard in the bear market. I have been writing a year-end summary these two days. Looking through the historical price trends, the bottom price often appears one year after the peak of the bull market. History is always surprisingly similar. Now we are deep in the chaos of history, and we can't see it clearly. The future is always confusing at any time. It may be easier and clearer to jump out of the current predicament and think about how to layout the bull market.