To confirm the return of Bull Market, you can focus on follow the following two situations:

1. Can BTC break through $70,000 and continue to reach new highs, thus completely reversing the current market structure.
2. Can BTC drive the pump of altcoins and restore the familiar market logic for us?
Before these two situations occur, blindly chasing rising prices or catching the bottom may bring risks. Frequent trading may not only miss out on bigger opportunities but also affect investment mentality due to consecutive wrong decisions.
In addition, some altcoin projects in the traditional industry have encountered pain points or bottlenecks and urgently need innovative "breakthroughs". For example, distributed storage has false pain points, so it belongs to false breakthroughs; distributed AI is also a false pain point because the development of AI has just begun and whether blockchain intervention is needed has not been determined. However, DEFI is a true breakthrough because TradFi has high barriers, high costs, and complex procedures. RWA also has the potential for a true breakthrough because the financialization of physical assets is the best direction to solve the slow circulation and low value perception of current assets.
The profit-making effect of AltCoin must be significant enough to attract stable inflows of traditional funds or allow a large number of low-threshold users to obtain relatively substantial returns through small investments.
I hope that the future market can truly break the circle concept. Once the wealth effect appears, the market will move towards a better situation!
#币圈观察员 #BTC能否站稳$60,000关口继续上涨？