#Gate13周年现场直击 Bitcoin approaching 80k, altcoins surging! Or do you still believe in a bear market?

The crypto market has experienced a comprehensive recovery in recent days, reigniting long-lost enthusiasm, and easing market panic sentiment, causing those who have always believed in a bear market to start wavering. Those who thought small increases were just rebounds and trap plays in a bear market will no longer be able to deceive themselves when tenfold or hundredfold coins appear.

So, do you still think we are in a bear market?
From the weekly chart, Bitcoin's trend is very clear that everything is moving in a positive direction. After the recent correction, it didn't break below $65,000 and has risen for three consecutive weeks. The current highest price has exceeded $78,000. Although there hasn't been a violent surge in daily gains, it has already increased by 20% so far.
This steady, cautious step-by-step approach better matches Bitcoin's temperament and is more conducive to the overall development of the bull market.
From a technical perspective, compared to the previous dense trading zone, there is little pressure below $80k. Breaking through $80,000 is just around the corner.

Compared to Bitcoin's oscillating recovery and upward movement, some altcoins' violent surges have truly caught everyone's attention and hot topics. HIGH and OADI's daily gains doubled or more, and RAVE's 10-day gains approached a hundred times. Of course, we should also rationally view these meteoric rises and falls of speculative coins, avoiding chasing highs out of greed and causing major mistakes.
What does this indicate? First, the altcoins surging together suggest that if the background trend is a bear market, such a scenario is highly unlikely or impossible. Second, the sector rotation in this bull market is very obvious, rather than following Bitcoin entirely. Previously, when Bitcoin rose, thousands of coins soared; when Bitcoin fell, everything followed suit.

We need to understand one thing: those who only insist on sticking to old methods, copying previous bull market rules, have already become ineffective in this round of行情. What we can do is follow the trend, stay rational and objective, strictly manage positions, and rigorously implement trading strategies. No matter how the market fluctuates, we can respond calmly.