The crypto assets market is at a critical crossroads, especially with the trends of Bitcoin drawing attention. The four-year cycle theory of Bitcoin, which originates from its unique Halving mechanism, seems to still be in effect. Historical data shows that a bull run often occurs within one to two years after each Halving, followed by a peak pullback, entering a Bear Market, and finally bottoming out in anticipation of the next Halving. Although this pattern is not absolutely precise, it remains an important reference for analyzing market trends.
Currently, the price of Bitcoin is still maintaining above the bull run support zone, which is around $107,300. However, the key resistance line around $118,000 above cannot be ignored, as it is a trend line that has been in effect since 2017. Market participants are closely watching the trends in October, as failing to effectively break through this resistance may lead the market towards a Bear Market.
The technical performance of Ethereum seems to be stronger than that of Bitcoin. The trend line since 2021 is providing support again, and the current price is at the intersection of the trend line and a key range. If this support holds, it could create favorable conditions for a rebound in the future.
Another market indicator worth noting is the USDT dominance rate, which is currently around 4.6% and is hitting a key resistance area. A decline in this indicator typically suggests that funds are flowing back into the crypto assets market, which is a positive signal for the overall market.
Overall, the crypto assets market is at a critical point in the cycle. According to the four-year cycle theory, the market peak may occur between October and November. However, the time window is limited, and the market is about to make a choice. If the current support level is broken, the market direction will become clear very soon; but if it can hold and break through the upper pressure, it may welcome the final wave of a bull run.
Whether it's Bitcoin or Ethereum, both are at a critical point. The trend in October will greatly influence the future direction of the market, either leading to the final wave of bullish momentum or directly entering a Bear Market. For investors and market observers, closely monitoring market movements and adjusting strategies in a timely manner according to the trends will be crucial.
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MerkleDreamer
· 4h ago
After the Halving in April, I became bearish. Tomorrow will be worse.
View OriginalReply0
DegenTherapist
· 13h ago
If this peak doesn't break, it will really be a Bear Market.
View OriginalReply0
ChainSpy
· 13h ago
Halving does not decrease, just do it.
View OriginalReply0
LadderToolGuy
· 13h ago
It's quite hard to guess now, I always feel like I'm being deceived to enter a position.
View OriginalReply0
LiquidationWatcher
· 13h ago
The buy the dip party hasn't fallen enough.
View OriginalReply0
ApeDegen
· 13h ago
Retail investors can only be suckers, they ran away long ago.
View OriginalReply0
LiquidationWatcher
· 13h ago
bruh... these charts giving me 2022 ptsd fr fr... watch those stops fam
The crypto assets market is at a critical crossroads, especially with the trends of Bitcoin drawing attention. The four-year cycle theory of Bitcoin, which originates from its unique Halving mechanism, seems to still be in effect. Historical data shows that a bull run often occurs within one to two years after each Halving, followed by a peak pullback, entering a Bear Market, and finally bottoming out in anticipation of the next Halving. Although this pattern is not absolutely precise, it remains an important reference for analyzing market trends.
Currently, the price of Bitcoin is still maintaining above the bull run support zone, which is around $107,300. However, the key resistance line around $118,000 above cannot be ignored, as it is a trend line that has been in effect since 2017. Market participants are closely watching the trends in October, as failing to effectively break through this resistance may lead the market towards a Bear Market.
The technical performance of Ethereum seems to be stronger than that of Bitcoin. The trend line since 2021 is providing support again, and the current price is at the intersection of the trend line and a key range. If this support holds, it could create favorable conditions for a rebound in the future.
Another market indicator worth noting is the USDT dominance rate, which is currently around 4.6% and is hitting a key resistance area. A decline in this indicator typically suggests that funds are flowing back into the crypto assets market, which is a positive signal for the overall market.
Overall, the crypto assets market is at a critical point in the cycle. According to the four-year cycle theory, the market peak may occur between October and November. However, the time window is limited, and the market is about to make a choice. If the current support level is broken, the market direction will become clear very soon; but if it can hold and break through the upper pressure, it may welcome the final wave of a bull run.
Whether it's Bitcoin or Ethereum, both are at a critical point. The trend in October will greatly influence the future direction of the market, either leading to the final wave of bullish momentum or directly entering a Bear Market. For investors and market observers, closely monitoring market movements and adjusting strategies in a timely manner according to the trends will be crucial.