The market in the past two months has been like a roller coaster!
Up and down, making people feel dizzy!
Since mid-June, I have said there would be a major drop, even seeing the CME gap at 92,000. Last night, the pullback was both exciting and frightening!
Currently, OTC trading is obviously quiet, indicating low willingness to buy the dip, and no one is cutting losses; market sentiment is extremely gloomy. The doge whales are taking advantage of the war to accumulate at low levels, and the bulls are nearly scattered, a rebound may be imminent.
The most interesting phenomenon of this cycle: Bitcoin breaking 100,000 has instead triggered statements of 'crypto is dead'. On one hand, the market seems to have returned to a cyclical stage before Ethereum's breakout, with altcoins showing a sense of primitive ecology; on the other hand, Bitcoin and stablecoins are accelerating their mainstream adoption, heralding the dawn of a new financial system.
At this moment, meme coins have become representatives at a crossroads, resembling 'the people's Bitcoin'—although mixed with both good and bad, they also hide a few potential gems.
Note: There is no need for excessive panic right now, just wait for the direction to become clear.
