The advent of this round of bull market is like the dawn, but it is unexpectedly warm and rapid. Just like getting up suddenly in the morning, feeling dizzy and stumbling, you have stepped into the prosperous land of the market. According to the detailed description of past cycles, the prosperity of the market should be a melodious prelude from the end of 2024 to 2025, or even later than the middle and late part of the year. However, with a gentle wave of fate, at the beginning of 2024, the "previous high" barrier of 69,000 US dollars, which symbolizes hope, was easily crossed. + Communication Junyang: 954737157 seems to be a gentle and firm challenge to traditional expectations. If we follow the industry's default rule of "breaking the high is bullish", we have to admit that the curtain of this round of bull market has been opened vigorously on March 11, 2024.
The unexpected arrival of this bull market is due to the presence of two major driving forces, who quietly plucked the strings of the market with their invisible hands. First, the market trajectory in 2021 painted a picture of two peaks standing side by side, which unexpectedly lowered the market's psychological expectations for the "previous high" and laid the groundwork for the subsequent leap; second, the approval of the US BTC spot ETF was like a spring of water pouring into a dry riverbed, instantly activating the vitality of the market. Massive funds poured in like a tide, pushing the price of BTC to a new height and accelerating the early arrival of this round of bull market. The interweaving of these two forces has brought the pace of the bull market forward by one year, presenting an amazing market landscape.
Upon closer thought, the magnitude of this round of bull market ahead of schedule is unprecedented and astonishing. It not only tests the wisdom and courage of investors, but also a profound reflection and repositioning of market laws. In this sudden feast, only by keeping a clear head and keeping up with the pulse of the market can we ride the waves of this bull market and move forward steadily.