Several major differences between this round of market and history are summarized:
First, the bull market rose too fast and too early in the early stage, quickly breaking through the high point of the previous bull market, resulting in repeated adjustments and repairs for more than half a year, which was rare in the past.
Second, the bull market repeatedly experienced weekly-level corrections from the early to mid-term. In previous bull markets, at most one weekly correction was experienced, followed by a shallow correction, usually only at the daily or three-day level, until it finally reached the top. However, this round experienced a "small bull top" after the weekly bottom in 2023, and this year it bottomed out again and repeatedly bottomed out on a weekly basis.
However, the historical "small bull top" market in 2019 can also be used as a reference for this time. At that time, it also experienced repeated weekly adjustments, and then ushered in a big bull market.
Referring to the trend in 2019, the current adjustment is nearing its end, and the next impact on the weekly upper rail 71 is almost a foregone conclusion. Whether there will be another weekly-level bottoming correction depends on whether time allows.
We don't have much time left. With the approach of interest rate cuts, Bitcoin will usher in a big rise three months before and after each interest rate cut by the Federal Reserve. If the interest rate cut is confirmed on September 18, I believe that the crypto market will usher in a strong rebound in the fourth quarter of this year.