This bear market has lasted for a full two months. Is the turning point coming?
Market observer Yi Lihua's latest judgment is quite interesting — the 60-day downward cycle may be coming to an end. Looking at the recent market, $BTC and $BCH are indeed leading the way and moving quite steadily. But what about $ETH ? It's a bit awkward, surprisingly not outperforming the traditional stock market, and this contrast has led many to reevaluate Ethereum's position.
Where's the turning point? The Federal Reserve has a new leader, and their attitude towards crypto assets is noticeably more friendly. When the policy direction changes, market confidence naturally rises. In the coming weeks, we might see the long-awaited upward trend.
Of course, predictions are just predictions; we still have to keep an eye on our positions.
