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Did you know? In the 1.5 months after Trump was elected, the market actually pumped 75%! But then there was a dramatic pullback, with a 22% pullback in just two weeks. What secrets are hidden behind this?
After Trump's election, the market experienced an astonishing pump, with an increase of nearly 75%. However, the good times didn't last long, and the market quickly entered a pullback phase. Within just half a month, including a needle-like pullback, the market pulled back by 22%. Such pullbacks are actually not uncommon in bull markets, whether it's ETH or other altcoins, similar pullback cycles may occur during the bull market rally.
We can refer to the pullback situation from January 12th to 25th, 2024. The pullback amplitude was also 20%, and the time period was roughly the same. It can be said that the current market is in a similar stage. However, it is worth noting that after half a month of washing and shaking, the trading volume of ETH has dropped to the lowest point since Trump's election, and even the panic index of coinglass has reached the lowest value since October. Do these signs mean that the market is about to usher in a new turning point?
In general, market fluctuations are normal, and pullback is a must in a bull market. After experiencing this pullback, the market may be more robust. So, how do you think the market will go next? Come to the comment section to share your views! Thanks for watching and supporting!
#Bull market is still on