I had a sudden thought today: I wanted to know how Bitcoin performed around last year's TOKEN2049, so I asked AI to analyze it for me. Here are the general findings.
1. Last year's TOKEN2049 took place on October 1 and 2.
This year's conference is on October 7 and 8.
2. Last year, BTC was consolidating near the highs of a bull market.
This year, the conference coincides with Bitcoin breaking upward through two major waves.
3. Before last year's conference, the market was in a phase of a slight pullback from a high, or you could say consolidation.
This year, it's in a phase of consolidation near a local high.
4. During and after last year's TOKEN2049, there was an opportunity for a rally.
Will this year's rally continue along the same lines?
5. The market peaked not long after last year's TOKEN2049, and this also triggered the largest deleveraging operation in history on 10/11.
Could we see a similar event this year? I think a sharp drop is quite likely, but a move on the scale of 10/11 seems unlikely. After all, last year the market was at an all-time high, while this year we're only in the early stages of a bull market.
In short, these are just my personal observations. The actual market action is what matters—the market is always right.
#token2049
1. Last year's TOKEN2049 took place on October 1 and 2.
This year's conference is on October 7 and 8.
2. Last year, BTC was consolidating near the highs of a bull market.
This year, the conference coincides with Bitcoin breaking upward through two major waves.
3. Before last year's conference, the market was in a phase of a slight pullback from a high, or you could say consolidation.
This year, it's in a phase of consolidation near a local high.
4. During and after last year's TOKEN2049, there was an opportunity for a rally.
Will this year's rally continue along the same lines?
5. The market peaked not long after last year's TOKEN2049, and this also triggered the largest deleveraging operation in history on 10/11.
Could we see a similar event this year? I think a sharp drop is quite likely, but a move on the scale of 10/11 seems unlikely. After all, last year the market was at an all-time high, while this year we're only in the early stages of a bull market.
In short, these are just my personal observations. The actual market action is what matters—the market is always right.
#token2049
