The number of long-term holders has grown significantly, which can basically confirm that short-term holders become long-term holders after holding Bitcoin for more than 155 days. This situation is similar to previous cycles and is one of the on-chain performances at the end of a bull market. However, does the end of a bull market necessarily mean that a crash must begin? No, no, no! One thing we must understand is that the fundamentals of Bitcoin have changed dramatically; it is no longer the case of a 4-year cycle, where once the bull market hits a certain point, it’s over. You should know that the term 'long bull' is definitely not unfounded. Although it cannot be as exaggerated as the movements in the U.S. stock market, which have such a lucrative effect, it certainly won’t depreciate too much. Not to mention Trump’s four years.

At this stage, we are in a critical state indicated by the fifth arrow in the indicators, but do you think it will rise directly? I'm a bit skeptical, as interest rate cuts are imminent, but the specific timing has not been announced, so adjustments in between are inevitable. Therefore, I think the current stage is more like the wide fluctuations around mid-2023. There will be ups and downs, followed by a bigger explosion. You can refer to the second and third arrows counted from left to right. Let’s see if that’s the case? #加密概念美股 #以色列伊朗冲突 #鲍威尔发言