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Recently, the Crypto Assets market has shown a volatile fall, raising concerns among many investors. However, after a deep analysis of market dynamics, we find that this may just be a temporary adjustment phase.
The current market lacks new capital inflow, leading to a continued sluggish overall trend. Although it may seem that the bull market has long gone on the surface, on-chain data shows that spot continues to flow in, suggesting that we may be in an accumulation phase. Large investors and institutional investors have not mass sold, which is a positive sign.
From a technical perspective, the current price level is likely approaching the bottom area. With the potential inflow of funds over the weekend, we have reason to expect a market reversal. Therefore, it is crucial for investors who have already entered positions to maintain patience; for those who have not yet entered the market, now may be a good time to look for suitable entry points.
It is worth noting that the overall trend and direction of the market have not fundamentally changed. The consolidation phase is often the hardest time to endure, but maintaining the right mindset is crucial for achieving success in this market. Investors should analyze calmly and make rational decisions, without being disturbed by short-term fluctuations.
Overall, although the current market faces challenges, signs of bottom consolidation are emerging. Staying vigilant and patient may yield rewards in future market turns.