The bloodiness of this bull market's washout has exceeded that of previous ones, so it cannot be compared with the previous bull markets. The cryptocurrency market's environment is different, so the trends are also different.



The bloodier the degree of plate washing, the more panic the retail investors are, and the less daring they are to enter the market. Although it is a bull market, it feels like a bear market has been washed out, so many people think that the current situation is the tail of the bull market and the beginning of the bear market. But please listen to me.

The Bitcoin ETF has just been approved, and institutions are just beginning to enter the market. It has only been two months since the Bitcoin halving, and the price has not yet surpassed the previous high.

The rate cut has not started yet, and the funds in the market have not yet poured in. Currently, it is only the existing funds plus the funds from ETFs that are supporting it.

The altcoin hasn't had a major breakout yet, and someone is claiming that the bull market is already over. If it's really over, then it's not even considered a bull market, just a small wave in the midst of a bull market.

Now is the time to persevere. Don't overthink it, hold on to Bitcoin, and keep a calm mindset.

People who have bought Bitcoin can play every day, for half a year, whether playing games or traveling outside, just don't check the market frequently and don't communicate with people in the circle. This method is only suitable for those who cannot hold on, and it is the best strategy for them.
BTC0.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
BitcoinGoldPivip
· 2024-06-27 15:37
Well said
View OriginalReply0
Xolovip
· 2024-06-26 09:26
Thank you for the information and motivation.
View OriginalReply0
Akhiruddinvip
· 2024-06-26 09:26
How do I join this activity?
1.Visit Gate Post and create quality content
2.Post content and make your post go into the "Hot" column
3.Join the winner draw at the Gate Post Live Room at 09:00 every Wednesday
4.Stand to be chosen as the winner & leave the prize
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)