Crypto investors have had a lot to celebrate lately. Bitcoin prices reached an all-time high last March, and Dogecoin more than doubled its value—not bad for a memecoin. The positive performance of some of the most important cryptocurrencies has fuelled optimism in this market. 

加密货币投资者最近有很多值得庆祝的事情。去年 3 月，比特币价格达到历史新高，狗狗币的价值也翻了一番多——对于模因币来说这还不错。一些最重要的加密货币的积极表现激发了该市场的乐观情绪。

How long should this moment last? Keep reading and find out.

这一刻应该持续多久？继续阅读并找出答案。

Explaining the Bulls and Bears

For those new to this market, the mood swings of the crypto world are described as “bull phases” and “bear phases.” Digital assets are highly volatile, which means this market’s landscape can quickly change. However, sometimes, we identify recurring patterns in those “mood swings,” signalling an upward trend (bull) or a downward trend (bear).

@media only 屏幕和 (max-width: 42em){ #videoAd { min-height: 305px !important; } #snack_dex2, #snack_mex2 { 最大高度: 50px !重要;最大宽度：320px！重要； } .video-container { 高度：300px ！重要；边距底部：20px！重要； }}@media 仅限屏幕和（最小宽度：42em）{ #videoAd { 最小高度：420px !important; } #belowVideoAd { 最小高度：90px； }} 解释牛市和熊市 对于这个市场的新手来说，加密货币世界的情绪波动被描述为“牛市阶段”和“熊市阶段”。数字资产具有高度波动性，这意味着该市场的格局可能会迅速发生变化。然而，有时，我们会发现这些“情绪波动”中反复出现的模式，表明上升趋势（牛市）或下降趋势（熊市）。

We can earn high profits if we distinguish bulls from bears. These patterns give us valuable information for future decisions, such as when to invest in an undervalued niche or which cryptos to sell. The market for digital assets is vast, and not all swings are visible to the naked eye. That’s why we must use AI and advanced software to follow each move of the line in real-time.

如果我们能区分多头和空头，我们就能获得高额利润。这些模式为我们未来的决策提供了有价值的信息，例如何时投资被低估的利基市场或出售哪些加密货币。数字资产市场广阔，并非所有波动都是肉眼可见的。这就是为什么我们必须使用人工智能和先进的软件来实时跟踪生产线的每一个动作。

Legal Affairs

I am also optimistic about the regulatory environment surrounding cryptocurrencies. Recently, anti-money laundering laws have been approved by European regulators. Meanwhile, Ethereum is only a few steps away from being classified as a security by the U.S. Securities and Exchange Commission.

法律事务我对加密货币的监管环境也持乐观态度。最近，反洗钱法已获得欧洲监管机构的批准。与此同时，以太坊距离被美国证券交易委员会归类为证券仅几步之遥。

Ownership of digital assets is also on the rise. Statistics from November 2023 show that there were about 575 million crypto users worldwide, following a sharp upward trend since 2016. Not all of them are investors, though. Many people use cryptos for e-commerce and online entertainment, for instance. So, clear regulations surrounding cryptocurrencies are great news for everybody.

数字资产的拥有量也在不断增加。 2023 年 11 月的统计数据显示，全球约有 5.75 亿加密货币用户，自 2016 年以来呈急剧上升趋势。不过，并非所有用户都是投资者。例如，许多人使用加密货币进行电子商务和在线娱乐。因此，围绕加密货币的明确监管对每个人来说都是个好消息。

So Far, So Good

Crypto investors seem optimistic about 2024, and they’re backed up by numbers. Bitcoin’s strong 2023 saw its price go up by 150%. Last March, the most famous crypto peaked at USD 73,750, an all-time high. Ethereum prices also went up by 5.8% during the same period after gaining 85% in 2023. From January until now, ETH has increased its value by 55.6%. Meanwhile, Dogecoin prices rose above 133% in one month. 

到目前为止，So GoodCrypto 投资者似乎对 2024 年持乐观态度，并且他们的观点得到了数据的支持。比特币在 2023 年表现强劲，其价格上涨了 150%。去年 3 月，最著名的加密货币价格达到 73,750 美元的历史新高。以太坊价格在 2023 年上涨 85% 后，同期也上涨了 5.8%。从 1 月份到现在，ETH 的价值增加了​​ 55.6%。与此同时，狗狗币价格在一个月内上涨了 133% 以上。

Market players also seem happy about recent changes made by the SEC. In January, it approved 11 spot bitcoin ETFs. Until then, investors could only hold crypto derivative products when investing in cryptocurrency funds. Now, it’s possible to invest in those funds directly. As a result, trade volumes spiked in most spot bitcoin ETFs, consequently driving BTC prices to an all-time high in March.

市场参与者似乎也对美国证券交易委员会最近做出的改变感到高兴。一月份，它批准了 11 只现货比特币 ETF。在此之前，投资者在投资加密货币基金时只能持有加密货币衍生产品。现在，可以直接投资这些基金。结果，大多数现货比特币 ETF 的交易量激增，从而推动 BTC 价格在 3 月份创下历史新高。

Meanwhile, I’m eagerly waiting to see Ethereum spot ETFs. Companies like VanEck and BlackRock have pending applications with the SEC, which means that expectations regarding their approval are high. I believe that spot Ethereum ETFs have even more potential than their Bitcoin counterparts. Ethereum’s competitive edge would be its unique proof of consensus. This mechanism allows investors to earn via staking, a feature lacking in spot Bitcoin ETFs.

与此同时，我热切地等待看到以太坊现货 ETF。 VanEck 和 BlackRock 等公司正在向 SEC 提交申请，这意味着人们对其获得批准的期望很高。我相信以太坊 ETF 现货比比特币 ETF 更具潜力。以太坊的竞争优势将是其独特的共识证明。这种机制允许投资者通过质押获利，这是现货比特币 ETF 所缺乏的功能。

Bulls and Red Flags

I see as many reasons to be hopeful as there are to remain cautious, though. According to statistics from Coinglass, nearly USD 780 million worth of bullish crypto wagers were liquidated in 24 hours in mid-April; it’s the biggest drop in history. The evasive movement is likely due to current geopolitical tensions, leading investors to look for less volatile options, such as bonds or the US dollar.

公牛和危险信号 不过，我认为有很多理由充满希望，也有很多理由保持谨慎。据 Coinglass 统计，4 月中旬 24 小时内，价值近 7.8 亿美元的看涨加密货币押注被清算；这是历史上最大的跌幅。这种回避行为可能是由于当前的地缘政治紧张局势，导致投资者寻找波动性较小的选择，例如债券或美元。

The string of liquidations caused BTC to drop 7.5% during this period. Even Dogecoin lost part of its initial success, dropping 13%. However, market experts don’t see a reason for panic. Instead, they see this momentaneous downturn as an opportunity to invest ahead of the next upward movement. The next Bitcoin halving is expected to take place by the end of April.

一连串的清算导致比特币在此期间下跌了 7.5%。就连狗狗币也失去了最初的成功，下跌了 13%。然而，市场专家认为没有理由恐慌。相反，他们将这次短暂的低迷视为在下一次上涨之前进行投资的机会。下一次比特币减半预计将在四月底发生。