Bitcoin market analysis, is the bull market still there?

After experiencing the baptism of the market for this period of time, many people have begun to question whether the bull market in the currency circle is still there. We can look at it from the market. From the weekly line of the big cake, the volatile market has continued for more than three months. Whether it rises to 73,000 US dollars or falls to 56,000 US dollars, it is still hovering in this volatile range. Similar market conditions have appeared four times since 2023. No matter how long the market fluctuates, it will eventually break the previous high with a big positive line chart, which means that the trend direction is still a bull market. At present, it is obviously a wide range of fluctuations. The deep correction in April was just a way of washing the market. The reason is very simple. From January to March 2024, the cottage market rose sharply, so that many high-leverage players had high returns, which is not good for the main force. Therefore, deleveraging is particularly important. Short-term volatile washes are all for the subsequent market to jump higher! Only when the car is lighter can it rise better!

We are currently in a bull market cycle. I personally have never doubted the direction of the general trend. People who cannot see the general trend clearly will naturally be easily confused by the current market conditions. Many people see the continued decline in the market and begin to question whether the bull market is over. As a result, they begin to waver, some cut their losses, some run away, and eventually they watch the market continue to break new highs, causing themselves to miss many opportunities again and again.