In 2017, it peaked at 94, in 2021 it dropped from 60,000 to 30,000... Every bull market has a 50% pullback before entering the second half... Liangxi, you are like the wave of the 2021 drop to wealth, then it rebounds and you start to switch directions and lose everything, just like this round.

The problem is that there are many new highs after the 94 peak in 2017.

After the 2021 peak, it returned to a very small new high of 60,000 and the bull market ended.

I personally think this round of the bull market is more like 2017. In the second phase of the 2021 bull market, some people distributed their chips when it returned to 60,000 for the second time and then shorted the crypto market on a large scale. This includes Soros and Musk, who also sold at that position.

The bubble in this round of the crypto market is not as big, and the second phase height is better referenced with 2017.