Jiang Zhuo'er: If Bitcoin oscillates sideways, it will trigger FOMO, and the subsequent downward space will be limited

Jiang Zhuo'er released a comparison chart of Bitcoin's historical cycles on the X platform, stating that if the low point of this cycle is around 57800 US dollars, the current market adjustment magnitude and duration are relatively close to the previous three cycles, and a large number of investors are in a bearish state. Jiang Zhuo'er stated that as the market continues to fluctuate horizontally, investors' anxiety about missing out on the market FOMO may heat up. Once funds re-enter, the market's downward space is limited, and the subsequent trend may refer to the gold pit in the market at the end of 2021. At that time, buying opportunities for a pullback may briefly appear.