#交易类型入门 Today, we mainly discuss what a crypto parabola is.

What does crypto parabola mean?

Simply put, when an asset, such as Bitcoin, starts a frenzied rise from the market bottom, this upward trend presents a parabolic shape overall.

What are the characteristics of a parabolic trend?

1. Short time period, usually several months

2. Huge increase, at least doubling, or even tens of times

3. The trend is fierce, decisive, and clear in its goals

4. The consensus on pegged coins is getting stronger, consistently being demanded to be pegged

5. Miners hoard coins and do not sell

6. Exchanges hoard coins and do not sell

7. Players hoard coins and do not sell

8. Institutions, countries, and super-rich individuals are crazily hoarding coins

Many people may not have experienced the charm of a parabola, or are not quite clear about what a few past parabolic trends of Bitcoin looked like. Purely from the candlestick chart, it basically looks like a straight line rising at a 45-degree angle to the upper right.

But don’t worry, currently, it seems that in 2023-2024, with the arrival of a new round of Bitcoin bull market, we are fortunate to witness this crazy parabolic market again.

This wave of bull market has already begun, but most people are unaware! Right now, most people in the crypto space are cautiously probing whether this cycle is another trap, only to discover later that the parabola has indeed arrived.

When is the peak of the parabolic trend?

When mainstream society/media/netizens start widely discussing Bitcoin, it basically means the parabola is nearing its end.

I have experienced several significant bull markets of Bitcoin, and the summary is that the public and the crypto space are completely two circles; when the general public starts talking about Bitcoin, it basically means the market is about to wrap up.

In this cycle of 2023-2024, Bitcoin is the best asset; either go all in or don’t play at all. Other varieties either have no opportunity, lack liquidity, or simply can't hold on.

However, it should be noted that when Bitcoin's bull market peaks, the surrounding other coins will actually receive funding attention, which is commonly referred to in the crypto space as 'coin-to-coin' market, also known as tail market, with the direction of the breakout being uncertain; at that time, it will be completely reliant on the market conditions.