After two rounds of “presidential currency scams”, will the market bottom out and rebound?

Original author: ardizor, encryption researcher
Original compilation: ChatGPT

Editor’s note: This article analyzes the key signals in the current crypto market and predicts the future trend based on the first three rounds of cycles. Based on his own experience and insight into the market cycle, the author put forward signals such as Bitcoin’s market share is at resistance level and ETH/BTC is at support level, suggesting that the copycat season may come. Although the current market conditions are not perfect, the author believes that the crypto market still has growth potential and advises investors to remain calm and continue HODL’s existing assets.

The following is the original content (the original content has been compiled for ease of reading and understanding):

At this moment, we are witnessing one of the clearest bullish signals I have seen in the previous three crypto cycles:

· BTC.D (Bitcoin market share) is in a resistance zone

· ETH/BTC (Ethereum/Bitcoin) is at support level

Last time, altcoins soared. Will history repeat itself this time?

I have experienced three bull markets that have grown my crypto assets from $4000 to approximately $4 million. Most of my success comes from analyzing cycles, timing and trends.

Forget the mythical characters and complex graphic lines… what really matters is to capture the full picture of the crypto world.

Let’s start with a basic concept:

·Assets peak when they seem most attractive

·Similarly, assets hit bottom when things couldn’t get worse

There is a lot of history in the crypto world to prove this.

Therefore, in a bull market, the key question to identifying the peak of the market is: “Are there potential drivers of growth that have not been taken into account by market prices?”

The FTX crash is a typical example.

When things hit rock bottom, improvement was the only way out. Solana even rose from $8 to $297, reaching a peak.

Conversely, when everything is perfect, recession is inevitable.

It is crucial to stay awake in these fluctuations.

Retail investors are exiting the market, some of whom face financial difficulties-an important step forward.

Hope seems to have disappeared, and the belief that the crypto market will go into recession dominates.

But in fact, the current situation is very favorable for crypto growth. We have:

·President of a major country that supports encryption

·Wide acceptance

·U.S. Bitcoin reserves

It’s hard to imagine a better situation. But this is where the challenge begins…

According to the theory I mentioned before, we are at a peak and can only go downward.

However, current indicators do not indicate that the market has reached its peak, and the timing suggests that the shanzhai season is coming.

So, what is our actual position in the market now? Let me explain in detail.

If we are in a downward cycle, it will mean:

·Cycle stops completely

Bitcoin becomes a macro asset

In addition, many people had considered switching to stablecoins from April to May and returning in the third quarter.

But the problem is, when everyone thinks that way, often things don’t go according to plan…

That is why I tend to think that the current situation is far from perfect.

While Bitcoin may transform into a larger macro asset, the cycle itself is likely to continue as usual.

If Bitcoin is not considered, the current market conditions are almost the most unfavorable.

The current outlook for altcoins is bleak, which instead indicates a possible rise.

This is reflected by the fact that Bitcoin’s market share is at resistance and Ethereum/Bitcoin is at support.

The last time this situation triggered a surge in altcoins.

Current trends suggest that we may be at the beginning of another shanzhai season.

I believe we are currently at a critical moment in the market.

I have listed possible scenarios for better understanding.

Based on past trends in the crypto market, I tend to think that the market will continue to grow.

However, I advise caution; it is best to maintain current positions and avoid drastic adjustments.

Just HODL, don’t worry, we’re all on this road.

The main goal right now is not to lose your assets.

Because it seems like everyone is trying to cheat you out of your tokens, even the president of Argentina…

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