⚡️ Focus: Every market has a cycle. Where are we now?
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📈 The most important news:
* After Bitcoin reached a new all-time high of $123,000 in July, indicators show that the market is currently in a "bullish cooling" or consolidation phase.
* This phase is characterized by a slowdown in liquidity and an increase in short-term profit-taking, but the overall market structure remains bullish.
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💡 What does this mean?
* Analysts agree that the bullish market cycle is not over yet, and this period of calm may be a precursor to another bullish wave later in the year.
* Indicators such as the continued inflows of Bitcoin exchange-traded funds (ETFs) and declining volatility suggest that the fundamentals remain strong, reducing the likelihood of the bullish cycle ending at this time.
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❓ Do you agree that the market is still in a bullish phase, or do you see signs of a peak approaching?
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