#加密市场行情震荡 Is the Bitcoin bull market coming? It's 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. This is also the reason most people can't hold onto Bitcoin. And after breaking new highs, due to institutional entry, although the volatility begins to decrease, the retracement so far has only been 1 to 2 rounds, so it’s far from the time to break the next new high.
There will likely be two more waves of volatile retracements.
After the retracement, a new high will be broken, so 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 one or two rounds. Based on Bitcoin’s properties, once the first retracement ends, a structural adjustment will follow, and you must not chase the high, as more retracements will come.
Actually, following human nature, you will understand. If your heart doesn’t die, 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 a design tailored 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, the risks involved are far beyond what most can bear.
Therefore, 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 while holding their positions.
If you don’t understand the cycle or can’t withstand volatility, even the best tracks or top-quality assets will ultimately cause you to miss out on a tenfold rally.
So, if you want to keep up with the full cycle rhythm and seize every adjustment and low-entry opportunity, rather than being washed out in repeated retracements.