Looking back at history, the "second wave golden cross" phenomenon of a key market indicator has an astonishing similarity in the time interval between it and the peak of a bull market.

2017 Bull Market Peak: This indicator first appeared the second wave golden cross 6 years ago, and about 355 days later, the market welcomed that historic bull market high.

2021 Bull Market Peak: Four years ago, this indicator again saw the second wave golden cross, and approximately 365 days later, the market reached a new peak in the bull market.

This year, which is 2024, this indicator has seen the second wave golden cross for the third time. So far, 255 days have passed.

Based on the experiences of the past two occurrences, the peak of the bull market usually arrives around 350 days after the golden cross appears. Following this pace, there are about 90 days left until the next potential bull market peak.

Although there are many uncertainties in the market, the historical performance of this indicator is worth our close attention. It reminds us that we may currently be in the mid-phase of a critical bull-bear transition cycle, and the next few months may witness an important turning point in the market. $BTC