Market transaction volume has shrunk drastically, with Bitcoin and Ethereum only surpassing 300 million, shrinking to about 1 layer of the usual transaction volume. Every time such a situation occurs, it marks a turning point in the market. #BTC
It's not scary when Bitcoin crashes in place; what's scary is when it rises first, then crashes, creating a psychological gap that has the greatest impact on altcoins.
The exchange rate of Eth/btc, after rebounding, can remain stable for a long time. The last time this pattern appeared was in April 2021 and October 2017. This means that Ethereum started to strengthen in the second half of the third year of the bull market. #BTC #ETH
Bitcoin maintains a range of 90,000 to 109,000 and the current amplitude is narrowing. Once the amplitude narrows, it will be close to choosing a direction. $BTC
The bull market is the bull market of Bitcoin. Bitcoin has just broken through the last high of 69,000 u and has just reached 73777. It has not really continued the bull market yet. 1️⃣In 2017, Bitcoin broke the historical high of 1,000u in the last bull market, and then increased 20 times to 19,800u; 2️⃣In 2020, Bitcoin broke through the previous historical high of 19,800, and then rose 3.5 times to 69,000u; 3️⃣In 2024, Bitcoin will break through the previous historical high of 69,000. Guess how high it will be?