In the current market situation, I seem to see the shadow of last October. In September last year, the news of the Federal Reserve's interest rate cut came, and the market was like being injected with a booster shot, quickly climbing upward. However, the good times didn’t last long; by October, the market began to adjust, and Bitcoin (BTC) fell into a sideways consolidation, with many altcoins also falling back to their original points. At this time, some so-called 'big names' began to sing bearish about the market, claiming that interest rate cuts would be of no help, altcoins would go to zero, and the bear market had already arrived. These market noises were like surging waves, causing many retail investors to panic and cut their losses.

However, just as everyone was feeling pessimistic, November and December ushered in a real frenzy of altcoins. A series of established altcoins like XRP and ADA saw astonishing price increases, with prices multiplying by more than ten times. VC coins like ENA and CRV even broke through their April 2024 highs. On-chain projects like PNUT and ACT also brought about a crazy wealth effect. At this time, those 'big names' began to change their tune, singing bullish and encouraging retail investors to take over, claiming these were tenfold or hundredfold coins, predicting that March 2025 would be the market peak. However, the market did not develop according to their script, starting to crash in January 2025, with even more dramatic declines in February, and by March, altcoin prices had halved. Looking back at this process, you will find that those so-called 'big names' often only chase highs and lows, while maintaining independent thinking is the most important. The market dropped from January to April this year, but I firmly believe that April 7 is the bottom of the market.

When someone asks me why I am bullish on the future market, I mainly have three reasons:

1. The strong performance of Bitcoin: If this is a bear market, Bitcoin could not possibly remain steadily at 100,000 yuan for five months. Those who have experienced a bear market know that its severity is far beyond this.

2. The driving force of the economic cycle: From a macroeconomic perspective, the current economic cycle does not allow the market to remain in a bear phase indefinitely. Economic recovery and growth require an active market environment, and the cryptocurrency market, as an emerging financial field, will also welcome new development opportunities driven by the economic cycle.

3. The '80/20 Rule' of human nature: From the behavior of market participants, the '80/20 Rule' of human nature also determines that the market will not remain depressed forever. In the market, 80% of people tend to panic sell during market downturns, while in prosperous times, they blindly follow trends and chase prices. This human weakness inevitably leads a portion of people to re-enter the market after a period of decline, thus pushing the market upward.

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