Is there a possibility that the bull market cycle has ended? Last time I talked about this topic in the square and was scolded to death.
Let's discuss it this time. I put forward my point of view, which may not be correct.
At present, the market is betting that the Federal Reserve will cut interest rates twice in 2024.
If we follow the cyclical trend, the US election may be the peak of the 2024 halving bull market. So we must pay attention to control it well.
It is possible that the bear market will begin after the election.
This round of bull market is a slow bull market. The increase at the beginning of this year has exceeded expectations. If there is no ETF approval, it will not reach the current point. In terms of new narratives, except for interest-bearing assets that are consistent with the macro economy (including restaking ENA), other new narratives are not mature yet (not only ETH, but also BTC), and they still need time to build.
