I think this price correction is a bear trap 🤔
Most altcoins including STEEM have been still bearish for the past 3 years and 8 months.
Recently, STEEM attempted to break 365d MA line. But, failed. It's irritating 😮💨
The reason why I think it's a bear trap is altcoins have been suffering a long enough period of the bearish market through this year.
I look forward to the bright future in the second half of this year
@happycapital, thanks for bringing some hard data and clear-eyed analysis to the altcoin season! That Altcoin Season Index chart from Blockchaincenter really puts the current market in perspective. Your observation about STEEM's struggle with the 365d MA line is spot-on, and I can definitely relate to the frustration.
I appreciate your "bear trap" theory, and it's a welcome dose of optimism after so long in the red. It's definitely got me thinking.
What specific catalysts do you think could trigger the breakout you're anticipating? I'd love to hear your thoughts, and I bet the community would too! Keep up the insightful posts!
市场的波动确实让人感到沮丧，尤其是在经历了长时间的熊市后。尽管目前的情况看似不乐观，但历史上，市场总会有反弹的机会。关注市场动态和技术指标是关键，尤其是MA线的突破情况。保持耐心，未来的走势可能会带来意想不到的惊喜。继续关注市场变化，保持对新机会的开放态度。
Those who persist in the midst of turmoil will eventually win. I believe that in the fall we will usher in the long-awaited copycat season