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#比特币现货ETF Looking back on the ups and downs of the crypto market over the years, Wolfe Research's latest analysis report has made me reflect. They believe that now is a good time to buy on dips, which reminds me of the bull market peaks in 2017 and 2021. Every time there is a major rally and correction, someone shouts "opportunity is here," but how many actually seize the chance?
The Bitcoin bottom is projected at $75,000, which is quite surprising. I remember at the end of 2017, we were celebrating Bitcoin reaching $20,000. In just a few years, market perception has undergone a dramatic change.
However, the weak inflow of ETF funds is worth warning about. History has shown us that any innovative product takes time to be accepted by the market. When Bitcoin futures were launched in 2013, it also experienced a period of coldness. The key is to look at the long-term trend, not short-term fluctuations.
The psychological threshold of $100,000 may be a difficult hurdle. Every round number mark reflects the market sentiment’s concentration. In November 2021, Bitcoin hit a high of $69,000 before plunging sharply, a lesson still fresh in our minds.
How far can this round of market rally go? Honestly, I can't predict precisely. But based on past experience, staying cautious yet optimistic, and making long-term plans might be the wise choice. After all, in this rapidly changing market, only time is the best friend.