10.12 Has the bull market ended?
1. From history, the bull market can only be confirmed to have ended when BTC's weekly K-line breaks below the weekly EMA60. This is a necessary path from bull to bear, and currently, BTC has not even effectively broken the upper small consolidation range.
2. Every bull market ending is accompanied by a sharp decline in BTC.D, which is the underlying logic; a bull market only ends in a frenzy of market sentiment.
3. The bull market ended in 2017 due to policy, and in 2021 due to interest rate hikes. Currently, neither policies nor the U.S. stock market shows a bearish fundamental.
In summary, I do not believe the bull market has ended at all. For ETH and BNB, doubling is just a matter of time!
