During this time, I have been paying attention to the Bitcoin market. I saw the latest report from CryptoQuant stating that Bitcoin has entered a cooling period of the bull market, which made me feel a bit down. However, upon reflection, this is actually a normal market cycle.
From the report, the bullish index for Bitcoin has dropped from 80 to 60. Although it is still in the bullish range, the upward momentum is indeed weakening. This aligns with my previous observations that trading volume has clearly not been as active as before.
For newcomers, there may be concerns about whether we will directly enter a bear market next. But I think there's no need to be too pessimistic; an index value of 60 still belongs to the bullish area, just requiring more patience to wait for new catalysts to appear.
That being said, this cooling period gives us a chance to think calmly. The previous rapid rise inevitably led to bubbles. It is a good opportunity to thoroughly research projects and examine our investment strategies.
However, I still want to remind everyone that if prices continue to fall and the index drops below 40, we may need to be cautious about entering a bear market. Investment should always prioritize risk control, and remember not to go all in.
Don't bring fans to a blowout, and definitely don't open positions blindly.
It's all about seeking victory steadily, taking solid and steady steps. Those who want to profit should hurry up and get on board!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
