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In my opinion, there are two possibilities currently unfolding in the crypto market: first, a bear market is underway, and second, it's simply a bear trap.
We can evaluate whether a bear market is currently underway by accessing the Coinmarketcap platform. The total market cap has fallen by nearly 7%, and most cryptos are in the red. Could this be the impact of the Fed's interest rate cut last week? The BTC price has now fallen below the key $110,000 level. If we follow historical patterns, the BTC price decline would indicate a long-term downward trend.
Some crypto experts also argue that this situation is simply a bear trap. They point to mid-cycle structural patterns and Q4 seasonality that could drive a rally, and consider this situation merely a short-term bear trap.
What do you think: is it a bear market or just a bear trap?
We can evaluate whether a bear market is currently underway by accessing the Coinmarketcap platform. The total market cap has fallen by nearly 7%, and most cryptos are in the red. Could this be the impact of the Fed's interest rate cut last week? The BTC price has now fallen below the key $110,000 level. If we follow historical patterns, the BTC price decline would indicate a long-term downward trend.
Some crypto experts also argue that this situation is simply a bear trap. They point to mid-cycle structural patterns and Q4 seasonality that could drive a rally, and consider this situation merely a short-term bear trap.
What do you think: is it a bear market or just a bear trap?