Analysis: The current trend in the encryption market is similar to that of March 2022 or August 2023

Trader Eugene Ng Ah Sio posted on the X platform, stating that the current crypto market price trend is similar to that of March 2022 or August 2023. He reminded investors to carefully choose the direction they are optimistic about. Based on Bitcoin's historical price data, in March 2022, Bitcoin rebounded to a local high point below the top and then continued to fall for several months; in mid-August 2023, Bitcoin quickly fell and then briefly consolidated sideways before continuing to rise until it reached a new all-time high.