What we are currently seeing is Grayscale continuing to sell, so there may be BTC shares paid by MTGOX later, and even the number of Bitcoins held by the U.S. government and the nest government can also affect the short-term market trend. In addition, the first half of the year cannot be ruled out. The United States has introduced more strict regulatory policies, so overall, January is about to pass.
The next February may be dominated by adjustments, and the low in February is a good buying opportunity. Everyone must remember that before the Bitcoin halving, it is an opportunity for everyone to buy, not to separate. field. Calculated based on halved block height,
The Bitcoin halving time in 2024 will be around April 5. Therefore, there will be halving market hype in March, but don’t get too carried away, because there are institutional suppression, so the halving market hype will not be too fomo. Then after the halving in April, the market will not ignite instantly. It must be gradually digested and accepted by the market. With the end of institutional suppression, the market will gradually pick up after the halving. However, it is important to emphasize here that although the market will not go crazy, there are still many opportunities to participate in the Bitcoin-related ecology, and the development of the ecosystem will not be affected by the weakness of the market. This is very certain, so market confidence will still be It will continue and will not end because of the adjustment of the market. As retail investors, we still have to be good at tapping the Alpha of the relevant ecology, and then actively participate, and do not lose confidence because the market is weak.
After the Bitcoin halving in April, there were signs of slowly adjusting in April and May, and then the real rise began in July, and the market will gradually explode. Everyone has been looking forward to the official outbreak of the big bull market for two years, starting from July this year From the beginning, the market will continue to rise. That is when I call the time when the global consensus on Bitcoin is reached. Both retail investors and institutions will be crazy about FOMO. But please remember, July officially starts, and you are treated as an appetizer. No problem.
After July, the overall consensus of the market was formed, and then the world officially entered the cryptocurrency bull market. This was a market with real institutional participation, so it will definitely not be the same as before. The skyrocketing that you can't even imagine broke out at that time. So you must have chips in your hand, otherwise you will be very, very anxious.
The market will be like this in August and September. There will be many ecological projects by then. Bitcoin ecological projects are more likely to be accepted by the market and fomo, so I have always recommended retail investors to abandon the Ethereum ecosystem and embrace the Bitcoin ecosystem, because the Bitcoin ecosystem Valuations are low in the early stages, and you can get relatively high-quality chips at a very low cost. The high-quality projects I am talking about here are not just air inscriptions that rely on words, but some high-quality projects that have real-life products and can empower people. , has a strong technical background and strong marketing capabilities. Of course, the Ethereum ecosystem also has many opportunities, such as the various L2s after the Cancun upgrade and the subsequent ZK ecosystem, as well as modular public chains, DA layers, etc., which are some very high-quality hype targets.
After the sharp rise in July, August, and September, there will be a wave of retracement in October, but this wave of retracement is not expected to be too strong. On the contrary, the retracement is the best opportunity to get on the market, and the market will finally explode again 11 , Ignite in December, and by the end of the year, Bitcoin will reach at least 100,000+, but don’t be dazzled by the rise. There will definitely be a big retracement after the sharp rise. Everyone knows that institutions are not here to help you carry the sedan chair, they must be here to make money. Institutions that make profits will exit, because institutions have year-end financial reports and liquidation work.
Therefore, there will be a big wave of retracement after the December high. To sum up, there will not be much market activity before the halving, but there are many projects and opportunities related to the ecology. We cannot lose confidence due to the adjustment of the market, and we must still actively participate. After the halving, Q3 and Q4, the market will officially enter an explosive rise, so don’t be afraid. The first half of this year is the best time to make plans (if you haven’t made plans yet).