A noteworthy phenomenon in the current market is that Bitcoin is fluctuating along its weekly BOLL band median and showing a continuous upward trend. This has formed since 2023 and is a unique pattern that emerged after the approval of Bitcoin ETFs.
The first chart at the end of the article is presented in a linear fashion; in reality, the weekly BOLL band pattern is shown in the second chart at the end of the article.
OK, what does this mean?
This means that Bitcoin has escaped from the previous four-year cycle theory. So is this a good thing or a bad thing?
For cycle theory investors, the extreme bearish market that previously offered significant downturn opportunities will be difficult to replicate.
On the positive side, market fluctuations have become more predictable, and there is no longer a need to reduce investment opportunities due to bear markets. This means that future fluctuations will be similar to those in the past, with periods of rise followed by periods of decline. It is evident that the opportunities brought by this kind of volatility are very interesting.
Every time Bitcoin rises from the weekly bottom, it can provide over 50% opportunities, while altcoins can offer over 50% opportunities, even doubling or more. Such opportunities occur approximately three to four times a year! This is something everyone needs to pay attention to.
I believe this is something I first proposed in the market.
Alright, what opportunities are there in the second half of the year?
Starting around September, the likelihood of altcoin ETFs being approved increases. So which coins are worth looking forward to? LTC, XRP, SOL, etc.
Ethereum ETF staking has a chance of passing approval; currently, the SEC believes that the following staking does not fall under securities: LDO, etc. It's important to note that last year the SEC was suing LDO for suspected illegal securities issuance. This is a significant shift.
Bitcoin, supported by the strong liquidity of ETFs, continues to become an emerging asset in the financial market.
This situation will continue to persist and reach new highs. If more than half of the Nasdaq's market value is contributed by the seven giants, then who will be the seven giants in the crypto market?
In the next issue, we will explore this topic!
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