Discussing bull and bear markets now is really of no use!
Because we are very likely in a super cycle!
Brothers need to be clear,
we are currently in a super contradictory phase in the history of Bitcoin's development. It could be a period of weak performance or it could be absurdly strong!
The key indicators of traditional speculative demand and market saturation have basically not yet started.
So there is a general feeling in the community that the real bull market has not yet arrived.
The weakening of market momentum can mainly be seen from two aspects: fundamental signals and speculative momentum.
Fundamentally, it has been developing according to a power law growth model, maintaining a compound growth rate of 40% each year, and this potential is undeniable.
However, speculative momentum has been systematically weakening in each cycle. According to the current trend, the peak of this cycle may surge to $185,000 in the fourth quarter.
But brothers need to pay attention: Bitcoin ETFs have greatly simplified the process for institutional funds to enter the market, and the speed at which sovereign nations are entering far exceeds expectations for enterprise-level applications, which suggests that speculative momentum may be brewing a new situation.
Horizontal consolidation accumulates breakthrough momentum, and the coin price is unprecedentedly refreshing historical highs before halving (although the impact on the supply side is limited, the market psychological effect is significant).
From these signals, an unprecedented 'super cycle' market structure is taking shape, which may bring about the craziest price surge in Bitcoin's history!
What will happen? Let's wait for time to provide the answer!
So currently, dollar-cost averaging is still a good strategy.
#BTC