Today marks the 638th day of my daily posts without a single break. Each post is carefully prepared, not something I do halfheartedly. [微笑] If you think I'm a serious person, you're welcome to follow along with me. I hope the daily content can help you. The world is vast, and I am small. Follow me so you don't have trouble finding me.
In history, Bitcoin's daily chart has only seen "8 consecutive positive days" 5 times. 1. Early 2013 bull market, BTC was still in the hundreds of dollars. After 8 consecutive positive days, it continued to surge, directly charging toward thousands of dollars. Back then, the sentiment was: common people making fortunes, miss it now and wait another ten years. 2. 2017 mega bull market, one of the crazy phases. 8 consecutive positive days often appeared as just a fragment of a larger trend, then directly surged to $20,000. Friend circles were full of "all-in" talk.
3. 2020-2021 cycle, pandemic stimulus + institutional entry. 8 consecutive positive days often appeared on the eve of breakthroughs, eventually reaching the $69,000 historical high. Sentiment: This time is really different.
4. 2024 ETF market Spot ETF approval, market pulled up from the bottom. After 8 consecutive positive days, it continued to new highs, entering the $100,000+ range. Sentiment: Institutional bull market just beginning.
5. Another small rebound (around 2019) A retest at the end of the bear market, later got heavily shaken out. 3 times directly entered main uptrend, 1 time continuation acceleration, then main uptrend. 1 time, false breakout (this was after total crypto market cap surged. In the past each time with 8 consecutive positive days, people didn't all-in because everyone was traumatized by shakeouts. Before pulling the market, there's crazy volatility.
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Today marks the 638th day of my daily posts without a single break. Each post is carefully prepared, not something I do halfheartedly. [微笑] If you think I'm a serious person, you're welcome to follow along with me. I hope the daily content can help you. The world is vast, and I am small. Follow me so you don't have trouble finding me.
In history, Bitcoin's daily chart has only seen "8 consecutive positive days" 5 times.
1. Early 2013 bull market, BTC was still in the hundreds of dollars. After 8 consecutive positive days, it continued to surge, directly charging toward thousands of dollars.
Back then, the sentiment was: common people making fortunes, miss it now and wait another ten years.
2. 2017 mega bull market, one of the crazy phases. 8 consecutive positive days often appeared as just a fragment of a larger trend, then directly surged to $20,000.
Friend circles were full of "all-in" talk.
3. 2020-2021 cycle, pandemic stimulus + institutional entry. 8 consecutive positive days often appeared on the eve of breakthroughs, eventually reaching the $69,000 historical high.
Sentiment: This time is really different.
4. 2024 ETF market
Spot ETF approval, market pulled up from the bottom. After 8 consecutive positive days, it continued to new highs, entering the $100,000+ range.
Sentiment: Institutional bull market just beginning.
5. Another small rebound (around 2019)
A retest at the end of the bear market, later got heavily shaken out. 3 times directly entered main uptrend, 1 time continuation acceleration, then main uptrend. 1 time, false breakout (this was after total crypto market cap surged. In the past each time with 8 consecutive positive days, people didn't all-in because everyone was traumatized by shakeouts. Before pulling the market, there's crazy volatility.