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After Bitcoin's price reached a historic high last night, a pullback occurred, but this does not mean that the Crypto Assets market will fall into a collapse. Although many opinion leaders chose to close all positions, raising concerns in the market, we still have reasons to remain optimistic.
Since December of last year, the market has gone through a turbulent period, leading many investors to be skeptical about the bull market. However, I believe we are currently only in the initial phase of the bull market. This judgment is mainly based on the strong performance of Ethereum.
Ethereum, as the second largest crypto asset, is expected to break its historical high price soon. When this milestone is achieved, it is likely to drive the performance of the entire crypto asset market, especially that of many small crypto assets (commonly known as "altcoins").
In fact, most small crypto assets have not yet begun their real upward trends. Once Ethereum reaches a new high, we may see these coins exhibit unprecedented growth. This will mark the arrival of a frenzied bull market phase.
Overall, although the market may experience fluctuations and adjustments in the short term, the long-term outlook for the crypto assets market remains bright. Investors should stay vigilant while not missing out on potentially significant opportunities.