On August 24, trader Lu Yao stated that the cryptocurrency market is still in a major bear market cycle and may have entered the first half of the later stage of the bear market, referring to it as a "monkey market," characterized by significant "up-and-down" fluctuations. Bitcoin is expected to further test the $90,000 to $100,000 range, but the bear market cycle has not yet ended, and the market may still experience severe volatility. Investors should avoid being fully in or out of the market, participating with appropriate positions, selling during upward trends and buying during downward trends, while maintaining a flexible trading strategy. The current market is in a "super big fluctuation" phase, and 99.9% of altcoins are still not worth buying; investors should control their positions and remain cautious.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.





























Bitcoin tore through the mid-$60,000s, cleared $70,000, blew past $75,000, and briefly touched $79,000+ before easing back to around $77,000 — a 20%+ move in a single week. The mood across crypto flipped almost overnight. But a violent rally is only the opening act. The more explosive the move, the more it calls for a clear, calm mind.
