Breaking! The bull and bear market is changing, will the crypto world cool down or soar again?
Fans keep asking: The bull is gone, the bear has arrived?
I entered the market in 2017, dismissing the “four-year cycle” nonsense. But this time, Bitcoin plummeted from 126,000 to 94,000, altcoins were halved, and some dropped by 80 to 90 percent, only then did I understand: the bull and bear market is born from declines!
At the beginning of the month, BTC was flat at 110,000, and meme coins surged five to ten times in a day, which is exactly like the end of the bull market in 2021. At that time, I warned others but was mocked by the bears. Now, $19 billion in leverage has been liquidated, annual gains have returned to zero, and the decline was premeditated.
This year is the 18th month after the halving, and historically, bear markets often arrive at this time. Bitcoin relies on institutions for support, while altcoins have no buyers, suffering devastating losses.
The technical indicators have also collapsed, moving averages have been broken, and 72,000 support has become the focus. The Federal Reserve is hawkish, liquidity is tight, and the Christmas rally is off the table.
At the end of the year, the market is expected to fluctuate between 80,000 and 90,000, and falling below 80,000 could signal a bear market. But don’t panic, ETFs are seeing a net inflow of $253 million daily, and big funds are lurking.
The crypto market has its ups and downs; what flourishes will surely decline, and what declines will surely rebound. Don’t get tangled in the bull and bear, keep your bullets ready, and maintain your mindset. Opportunities appear in despair, and patience is the most valuable!
Follow Zheng Ge, and let him guide you through the bull and bear markets to financial freedom!
