The currency circle is shocked! The 312-style waterfall is coming, where will the market go?

Bitcoin performed stably today, with the price rising steadily, reaching a maximum of $35,999.9, entering an area of ​​active trading. Bitcoin’s weekly chart shows bullish momentum building, signaling an upward trend.

Market sentiment in previous weeks had unsettled investors, causing some to panic out. Now, bad news no longer seems to dominate the headlines, but in fact, the bad news in previous weeks may have been just a selling behavior by market makers to buy low-priced assets.

Recently, many people have been surprisingly unanimously bullish on the market, generally shouting that a bull market is coming. However, it is important to note that large bear market rallies are often the most challenging. When more and more people become bullish on the market, the likelihood of a sharp market correction increases. In the crypto market, sharp declines in bear markets are quite common, and a 50%+ drop is experienced once a year. In addition, a large-scale crash similar to the 3.12 incident may occur every 3 to 4 years. After surviving such market fluctuations, investors can operate with more confidence.