I noticed quite a few voices in the square calling for a bear market, everywhere there are sounds of 'it's going to drop' and 'run quickly'. But a short-term bear market really isn't that easy to come by.
The logic behind calling for a bear market is simply that Powell is hawkish, and the US stock market is dragging the crypto market down, which has some reasoning but is exaggerated. On the macro front, the market has already digested a lot of emotions; the pullback is just tension before expectations, not a trend reversal. ETH has pulled back, but institutions are still increasing their holdings; Bitcoin is volatile, and some are seizing the opportunity to accumulate during the dip; funds haven't exited the market.
Mainstream coins have resilience, and key support levels have not been broken. In the short term, it's emotional fluctuations, not a trend reversal. Don't be swayed by noise; a correction in Ethereum's rise is inevitable, and it's still early for a bear market. Keep an eye on coins with support for opportunities.
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