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With the market being like this, I don't even feel like talking.
This year, in the trend of the altcoins continuously dropping by 90% in the first half of the year, I have made a lot of money.
The market has no wealth effect, making it difficult to earn money, and people don't even know what to talk about.
To be serious, I think this cycle has basically peaked, let me analyze it for you.
The peak of the 13-year bull market 1145
18 Bull Market Peak 20000
Two tops 17 times,
18 bull market top 20000
The peak of the bull market in 2022 was 69000.
Two tops 3.45 times
17/3.45 = 4.92 The two rounds of increase differ by a factor of 4.92;
If the increase in these two rounds also differs by 4.92 times,
Then this round of increase should be
3.45/4.92 = 0.7 times, an increase of 0.7 times,
So the top in 25 years is probably 69000*1.7 = 117300.
Top around 120,000, now at a price of 110,000, basically reached the peak.
If you look at mainstream coins, they will always come down after each rise.
Every time it rises, it will come down, so is this a bear market???
So the mainstream is already in a bear market, with only Bitcoin reaching new highs.
But Bitcoin is also close, because the pace has slowed down a lot, and Bitcoin is still oscillating at the top.
At the same time, the cryptocurrency market is highly correlated with the US stock market, and now that the US stock market has reached new highs, especially with NVIDIA soaring, it has also accumulated enormous risks.
Reaching the top doesn't mean a crash; it may just stay high and oscillate until
An event occurs,
The sharp decline still needs a trigger, similar to the tariff trigger earlier this year.😇😇😇