#加密市场行情震荡 Is the Bitcoin bull market coming? Still a long way off...

Is the bull market coming? Based on Bitcoin's past characteristics, each new high typically requires going through at least 3 to 4, or even 5, rounds of retracement. That’s also why most people can't hold onto Bitcoin. And after breaking new highs, due to institutional entry, although volatility begins to decrease, the retracement now is only 1 to 2 rounds, so it’s far from breaking the next new high. There should still be two more waves of oscillating retracements.

After the retracement, breaking new highs again, Bitcoin’s six-month target could reach $150k, but there will still be two more rounds of retracement during this period.

And right now, it’s only the beginning of the first to second rounds. Based on Bitcoin’s properties, once the first retracement ends, there will be structural adjustments, and you must not chase the highs, as more retracements will follow.

Actually, if you follow human nature, you’ll understand. If your heart isn’t dead, the way won’t be born. Bitcoin will always make you believe it’s rising, and it will always make you believe it’s retracing.

Until you can’t hold it anymore, until your heart turns to ashes, then it reignites hope for revival. Whether in the stock market or the crypto market, it’s all tailored according to human nature.

In the end, it will make you regret, oh, I couldn’t hold it. It’s because I lacked resolve, not because it won’t rise. But 3 to 4, even 5 rounds of retracement are inevitable.

Apart from those who check once a month or even once every three months, avoiding many illusions of retracement in between, most people simply cannot hold onto Bitcoin.

Although, from today’s perspective, holding onto it for the next 10 years could still yield a tenfold increase, but the risks involved are far beyond what most can bear.

So, those who truly profit big in the crypto world are never the clever traders who chase and sell frequently, but the tough ones who endure countless rounds of retracement and hold their positions.

If you don’t understand the cycles or can’t withstand volatility, even the best tracks or top-quality assets will ultimately cause you to miss out on a tenfold rally.

Therefore, if you want to keep up with the full cycle rhythm and seize every adjustment and low-buy opportunity, instead of being washed out by repeated retracements.