The only condition that can quickly and accurately determine the arrival of a bull market is to wash out speculation and uncertainty. Then the market must collapse at an unimaginable speed, until it breaks through the psychological pressure line that most speculators can withstand, making the speculators passively impotent and the professional players take the initiative to attack, thereby reaching a healthy level of the market.
First: Short-term signs of a bull market
If the price drops to 15,500 USD, it is a reasonable line to wash out the bubble. Then the price will drop by more than 82% in the end, which means it is oversold. From the moment it falls to the bottom, the bull market has come, and it is coming with great momentum. In theory, the worse the fall, the better. The earlier the bull market comes, the faster it will rise. Attachment (the fall cannot exceed one year, that is, December 2023. A rapid collapse must occur within this time. If it exceeds this time, it will be invalid)
Second: A bull market that is as stable as an old dog
In this case, the price will keep going between 15500 and 43000 for a year. In extreme cases, the price range may last until December 2024. In most cases, before December 2023, the December closing price will not exceed 35000, and then the bull market will come. The advantage of the long-term horizontal trend is that it will wear out those who are bearish. The upper side will quickly eliminate those people, and the lower side will let the bullets fly for a while. Either way is good. #BTC #ETH #BinanceTournament
