Bitcoin
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Cold thinking on Bitcoin's "pullback moment"

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This morning, Bitcoin prices fluctuated again, falling below the $77,000 mark and currently fluctuating around $80,000. The market seems to have entered the "pullback moment" again. Faced with price fluctuations, I believe many friends are thinking about the same question:

Is it "getting off the train to avoid risks" or "entering the market at a low point" now?

This question seems simple, but it is actually complicated. Especially in the cryptocurrency market, short-term fluctuations are drastic, and various information noises are intertwined, which can easily make people lose their way. When we are in the "pullback moment", we need a calm thinking, and we should take our eyes off the price fluctuations in front of us and put them into the larger "trend" and "cycle" framework to examine.

Let's take a closer look at what a trend is and what a cycle is.

1. What are trends and cycles?

To understand any market, we should first distinguish between the two key concepts of "trend" and "cycle", and the crypto market is no exception.

Trend: Trend is the long-term direction of the development of things and a grand and lasting force. It represents the most essential and core trend of things, just like a surging river, once formed, it is difficult to reverse.

Cycle: The cycle is the short-term fluctuation in the development of things, and it is the rhythmic change of swinging around the trend line.
Simply put, the cycle is in the trend. However, simple inclusion is not enough to express the complex relationship between them. If the "trend" is compared to the trunk of a tree, the "cycle" is like the rings on the trunk.

When 96% of the world's population does not yet hold Bitcoin, when sovereign funds begin to include crypto assets in their balance sheets, and when blockchain technology becomes a new battlefield for the game between major powers - this galloping "digital ark" has just sailed out of the dock where it was built. BTCUSD BTCUSD BTCUSDT.P XAUUSD BTCUSDT

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