The correction in the cryptocurrency market #加密市场回调 is a short-term adjustment after a long-term price increase, usually triggered by profit-taking, changes in macro policies (such as expectations of interest rate hikes), shifts in market sentiment, or technical resistance. For example, Bitcoin often experiences a 20%-30% correction after reaching a historical high. The corrections in 2024 may be influenced by ETF fund flows, miner sell pressure, or regulatory uncertainty. However, historical data shows that mainstream crypto assets tend to enter a new upward cycle after corrections, and key support levels (such as Bitcoin's 200-day moving average) and on-chain data (such as the holdings of long-term holders) can serve as bottom signals. Short-term fluctuations do not change the long-term development trend of blockchain technology; corrections may provide opportunities.
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