#比特币市场波动观察
Is the bull market over? Many people have this question these days.
Indeed, from the trend of Bitcoin and Ethereum, it's hard to believe that the bull is still on. According to past trends, the bull may be gone, but this year's bull market is different.
First, Bitcoin breaking through 100,000 was a historic moment and it certainly slapped those who said Bitcoin is a scam. This has made many people realize that investing in Bitcoin can indeed make money. This result will attract more people into the market, to put it bluntly, there will be more 'newbies' to serve as fodder, and with nutrients, prices can rise even higher.
Secondly, the bull market explosion this year was somewhat anticipated, but it surged so high and so fast. In my opinion, it has a lot to do with Trump. It’s important to know that Trump is essentially a businessman. Although he previously said that cryptocurrencies are a scam, his recent entry into the crypto market indicates that he believes cryptocurrencies have value.
Furthermore, his Bitcoin strategic reserve plan is now in legislation, and this move has prompted many countries to buy Bitcoin as well.
Also, with the Christmas holiday approaching, most foreigners will sell their coins and take a break, and Wall Street will also be closed until January 5. However, based on past trends, this correction is aimed at achieving better growth later on. Especially from the 6th onwards within a week, Bitcoin is expected to see significant gains.
So the bull market won't just end so simply. If you play spot trading, it might be a good choice to accumulate during this period when prices are low.
Regarding altcoins, I still have high hopes for Sui and Morhpo.
Of course, whether in contracts or spot trading, one must adjust their positions according to market trends; that's the key!
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