📉 Crypto Market Pullback Reminder

Since reaching an all-time high on August 14, the crypto market has retraced by 7.3%, with approximately $340 billion withdrawn💥. Bitcoin leads the decline, down 7.5%, while Ethereum has also dropped by 10%📉.

Analyst Alex Krüger states that the four-year cycle concept is outdated📊, and market volatility is now more influenced by macro factors rather than Bitcoin's own cycle. He points out that Bitcoin currently resembles a stock, with reduced volatility, and its growth rate has slowed down since the approval of the spot ETF💡.

Federal Reserve Chairman Powell's speech on Friday could become a short-term bearish or bullish factor⚡. Historical experience shows that similar pullbacks often represent bear market traps🐻, which were observed in 2017 and 2021, after which the market reached new highs again🚀 #熊市预警