Lebit Mining Pool founder Jiang Zhuoer said in a post on X that he had updated a full-cycle comparison chart aligning four market cycles by their bull-market peaks, and concluded that if $57,800 marked the major bottom of the current cycle, the gap in both timing and drawdown versus the previous three cycles was no longer large. He argued that many investors are still underexposed, and that if BTC trades sideways for a period, fear of missing out could heat up again. In his view, that would make another meaningful drop harder to see, with the setup resembling the late-2021 "golden pit" pattern he referenced. Jiang also restated an earlier plan for entering the market. If Bitcoin pulls back into the $67,000 to $72,000 range and the decline shows signs of exhaustion, he said investors should buy in fully at once. If that pullback does not happen, he said the latest point to enter would be before the end of October, buying at the current market price regardless of where BTC is trading. He added that missing the entire bull market would be a bigger concern than missing the current leg higher.
Lebit Mining Pool founder Jiang Zhuoer said in a post on X that, after updating a full historical cycle comparison chart, he believes that if $57,800 was the major bottom for the current cycle, the difference in both timing and drawdown compared with the previous three cycles is no longer significant.
He said the chart aligns four cycles by their respective bull-market peaks. Jiang added that many market participants are still on the sidelines. If BTC moves sideways for a period, he said, FOMO could pick up again, making it harder for the market to post another decline. He said the script could resemble the "golden pit" seen at the end of 2021, when the window to buy back on a pullback may last only a moment.
Jiang also reiterated his earlier plan: if BTC falls back into the $67,000 to $72,000 range and the downward move shows signs of exhaustion, he said one should buy in fully right away. Otherwise, he said the latest point to enter should be before the end of October, buying at the market price regardless of the level. He added that missing the entire bull market would be more worrying than missing the current rise.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
