Breaking News! A major change in the future trends of the cryptocurrency market has emerged. Will the bull market continue until the end of the year?

Currently, Bitcoin has entered a weekly adjustment phase, with the depth of the adjustment exceeding expectations. The possibility of seeing a bottom reversal without interest rate cuts in the short term is almost zero. Stabilizing around 90,000 in May would be considered a good situation.

Given that this round of adjustment is far more severe than expected, if the bull market continues, it is expected not to end in July but possibly be extended to September or October, although I do not believe there will be a double top like at the end of 2021.

In terms of future operations, it is recommended to gradually reduce positions in the later stages of the bull market and take profits when available. Frequent buying and selling should be avoided, and positions that have already been exited should generally not be re-entered.

The driving force behind this bull market is Wall Street, which has joined forces to drive up the market, while retail investors are being taken advantage of. It is advisable to remain cautious in the cryptocurrency market, mainly focusing on conservative operations in the future, especially for long-term holdings of Bitcoin.

Additionally, in the coming months, institutions may shift their focus to Ethereum, propelling it to become the mainstay of the market. Meanwhile, a large number of altcoins may be eliminated, resulting in a new shuffle of funds.

Even if the bull market ends, Bitcoin is unlikely to experience a significant crash like before. It has become an asset allocation tool for Wall Street and institutions, with its role as a store of value and foreign exchange reserve becoming more prominent.