In the cryptocurrency market, the fluctuations of the market resemble a dramatic performance, constantly tugging at the hearts of investors. The current market situation bears some resemblance to what it was like in October last year.
Looking back to September last year, the news of the Federal Reserve's interest rate cut was like a stone thrown into a calm lake, creating ripples in the market, which subsequently rose sharply. However, the good times were short-lived, as October approached, the market began to correct. Bitcoin (BTC) fell into a stagnant state, while altcoins also dropped back to square one, as if it were a lonely aftermath of a grand spectacle. At that time, many prominent figures gathered like dark clouds over the market, singing a bearish tune, asserting emphatically: interest rate cuts have no effect on the market, altcoins are destined to go to zero, and a bear market is surging in. These voices poured in like a tide, scaring many panic-stricken retail investors, who hastily cut their losses and exited the market to protect themselves.
But just when everyone was feeling despondent, in November and December last year, the market unexpectedly welcomed a true altcoin season. Ripple (XRP), Cardano (ADA), and other old coins seemed to be reborn like a phoenix, with prices soaring tenfold. Meanwhile, a series of VC coins like ENA and CRV also did not lag behind, breaking through the highs of April 2024. At the same time, on-chain coins like PNUT and ACT brought about astonishing wealth effects, as if legends of overnight riches spread throughout the market.
But just when the market was heating up, those prominent figures made a 180-degree turn, transforming into cheerleaders for the market, loudly advocating bullish sentiments, urging retail investors to buy in, with one shouting about tenfold coins and another clamoring about hundredfold coins, all predicting that March 2025 would be the market peak. However, the reality dealt a heavy blow to them; starting in January 2025, the market took a sharp downturn, and February saw a horrific drop. By March, altcoins were also halved. At this point, investors finally woke up, realizing that following so-called prominent figures often leads to a quagmire of chasing highs and cutting losses; independent thinking is key to standing firm in this ever-changing market.
From January to April this year, the market declined all the way, but I firmly believe that April 7th marked the bottom. Perhaps some may have doubts about why I am so certain? Here, I would like to explain three core reasons:
Firstly, if the current market belongs to a bear market, then Bitcoin (BTC) could not possibly remain steadily at the 100,000 mark for five months. Those investors who have experienced the baptism of a bear market know all too well that a bear market has its unique, dismal appearance.
Secondly, the laws of the economic cycle will never allow a bull market to be absent. Market development is not without reason; it follows certain cyclical patterns, and the arrival of a bull market has an inherent inevitability.
Thirdly, the '80/20 rule' inherent in human nature determines that a bull market will not be absent. In the market, the psychological and behavioral patterns of investors often follow this rule; when most people are in a state of loss, the market tends to reverse, and the bull market is a vivid manifestation of this rule.
In the future market, let us cast aside the noise and uphold independent thinking, grasping these three key logics. Perhaps we can ride the waves of this cryptocurrency tide and seize our own wealth opportunities.
Wishing for fated friends to profit every day, happy and joyful every day! Follow me so you won't get lost, A Jie will take you on the 'expressway'.
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