Cryptocurrency Market Cycle Theory and Current Phase Assessment
The cryptocurrency market exhibits a clear 4-year cycle characteristic, typically including: accumulation phase, uptrend phase, frenzy phase, and recession phase. According to historical patterns, 2024 may be in the early stage of a new cycle. To assess the cycle position, one can refer to: Bitcoin has risen from its low but has not reached a new high, market sentiment is cautiously optimistic, and institutional funds continue to flow in. Investors should establish a long-term perspective, avoiding chasing highs and panic selling. In the early phase of the cycle, accumulate quality assets, and gradually take profits during the frenzy phase. Be aware of potential new variables in this cycle, such as institutional dominance, regulatory changes, etc., and adjust investment strategies in a timely manner.