The backend is being bombarded with questions! Has the bull market not ended or has the bear market arrived? I learned the hard way to speak the truth.

These past few days, the backend has been bombarded with questions: "Has the bull market not ended, or has the bear market already come?"

To be honest, when I first entered the circle in 2017, I didn't believe in the "four-year cycle" at all; I thought it was just a gimmick used by old investors to fool newcomers.

It wasn't until this time that BTC plummeted from 126,000 to 94,000, and a heavily invested altcoin I held was directly cut in half, that I completely understood:

The bull and bear markets are not called out; they are evidenced by real money being poured in.

At the beginning of the month, when BTC was flat at 110,000, a bunch of meme coins were flying up five to ten times a day. I'm too familiar with this scene—this was the behavior at the tail end of the bull market in 2021; after the frenzy, it was all just a mess.

At that time, I repeatedly reminded the community of the risks, yet I was mocked for having an "air force demeanor" and being "small-minded, the bull market is still far away."

Looking back now, the entire network has 19 billion USD in leverage being liquidated, and this year's gains have been wiped out; those who criticized me have long been left speechless.

It's important to know that this year is the 18th month after the halving, and looking at historical data, you can understand that every cycle turns bearish at this point in time.

The technical indicators are even worse; the 200-day and 365-day moving averages have both broken, and now we are just watching the support at 72,000.

With the Federal Reserve's rate cut expectations repeatedly failing and tightening liquidity due to government shutdowns, the Christmas market is likely to be a bust.

At the end of the year, it is highly likely to fluctuate between 80,000 and 90,000; if it breaks below 80,000, it will be a cyclical bear market.

The rise and fall of the cryptocurrency market is an ironclad rule; we are standing at the tail end of the market. Stop holding onto fantasies!

Those who can survive and still profit in the market have always been the ones who dare to take the first step.

Are you ready? @bit福多多

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