Will the market go up or down next? Why was the previous bull market so strong, but the current bull market is generally sluggish? If you are confused and have no direction at this stage, I am here in the cryptocurrency world. As of today, Bitcoin has been fluctuating sideways at a high level for nearly two months, causing many friends to lose confidence in Bitcoin. So will Bitcoin go up or down next? In my opinion, pessimistic market sentiment is a good thing, because the market is always developing in the midst of disagreement. Without these bearish people, how can the main force absorb chips? If the main force cannot absorb chips and cannot control the market, how can Bitcoin rise and break through, right? The current market is typical of grinding away retail investors, a typical short structure, but it does not plummet, nor does it strengthen. This situation will at least continue for a period of time, and many new normals have appeared in the instinctive market. The emergence of ETFs has reduced the volatility of the entire currency circle. If the same indicators appear in the cottage in 2021, it should have been cut in half three times, and Bitcoin should have reached 50,000 or even 40,000. However, the cottage has only been cut in half once, and Bitcoin remains at 60,000, so I firmly believe that the big cake will continue to rise. No matter whether you are short or full, no matter what currency you hold, please continue to hold the currency without wavering, and you can endure loneliness and prosperity. Secondly, why the previous bull market was so strong, and the current bull market is generally sluggish.

First of all, the previous currency market was relatively small, and everyone was relatively concentrated when choosing currencies, so once a certain currency was sought after by the market, the price could rise rapidly. Now the market has become very large, with various currencies emerging one after another, and people's choices have become diversified, which has also led to the dispersion of market funds, making it difficult to form a large-scale rising market. Secondly, the market value of the currency in circulation was relatively low before, and a relatively small amount of funds could bring a relatively large increase. Now, the market value of many mainstream currencies is already very large, and more funds are needed to push its price up. In addition to these, there were relatively few bull market tracks in the past, and it was easier for everyone to form a consensus to push the market up. Now there are various sectors and concepts in the currency circle, which can distract everyone's attention and make it difficult to form a joint force. In addition, the number of players in the market is not increasing enough, and many people do not understand Bitcoin and blockchain, which also limits the market's room for growth.

Finally, let's talk about the project parties. Today's project parties often focus more on short-term interests and lack long-term vision and pattern, which also affects the healthy development of the market. Looking back at these, you can find that the current cryptocurrency circle has undergone many changes. Finally, I still hope that everyone can remain rational, invest prudently, and be a qualified cryptocurrency person. Click on the avatar to follow me and find my little harbor in the cryptocurrency circle! #etc减产 #btc走勢