ChainCatcher message: On the X platform, Jiang Zhuoer posted a chart comparing Bitcoin’s historical cycle performance and stated that if the low point of this cycle is near $57.8k, then based on historical cycle trends, the magnitude and duration of this market correction are already fairly close to those of the previous three cycles. At present, many investors may be in a state of “missing the train” (FOMO).
Jiang Zhuoer also said that as the market continues to trade sideways and range-bound, investors’ anxiety about missing out on opportunities (FOMO) may gradually intensify. Once capital flows back in, the room for further downside may be limited. He believes that subsequent price action may refer to the “golden pit” from late 2021; at that time, a pullback buying opportunity may briefly emerge.
Jiang Zhuoer also said that as the market continues to trade sideways and range-bound, investors’ anxiety about missing out on opportunities (FOMO) may gradually intensify. Once capital flows back in, the room for further downside may be limited. He believes that subsequent price action may refer to the “golden pit” from late 2021; at that time, a pullback buying opportunity may briefly emerge.