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Historical data reveals astonishing patterns! November may be the eve of a big pump for Crypto Assets, and the Tom Lee team provides five reasons to prove that the bull run is still ongoing.
Recently, the debate in the market about whether Crypto Assets have peaked has intensified, but Mark Newton, an analyst from Tom Lee's well-known Wall Street fund, pointed out in his latest view that the current market is far from reaching its peak. According to historical data, November is often the "highlight moment" for Bitcoin and Ethereum, and this pattern may provide important support for the future market.
1. Five technical reasons to refute the "peak theory"
Mark Newton presents five major counterarguments through detailed technical analysis:
1. The Elliott Wave structure has not shown any top signal, indicating that the price trend still conforms to the upward wave pattern;
2. The monthly DeMark indicator has not triggered a peak signal, lacking quantitative basis for a trend reversal;
3. The MACD indicator turning negative is due to sideways consolidation, rather than a trend break, and there is no confirmation of a five-wave decline;
4. The medium-term trend has not been broken since 2022, and the pattern of continuously rising highs and lows remains solid;
5. Market sentiment has not yet reached historical peak levels, and the greed index remains within a reasonable range.
2. Historical data from November suggests potential rising momentum.
Coinglass data shows that Crypto Assets often perform strongly in November:
Bitcoin: Since 2013, the average return rate in November has reached 42.49%, with a median of 8.81%, experiencing 8 rises in 12 years; Ethereum: Since 2016, the average return rate in November is 7.08%, with a median of 3.94%, experiencing 5 rises in 9 years. This seasonal pattern resonates with the current technical aspects, which may strengthen the market's optimistic expectations for the year-end performance.
Conclusion: Dual support from trends and cycles, the logic of the bull run still exists.
Despite short-term market volatility, there are no conclusive signals of a peak on the technical front. Coupled with historical performance in November, investors may remain cautiously optimistic. As Mark Newton stated: "Market sentiment is far from reaching substantive peak levels." The current fluctuations may present an opportunity for positioning rather than a signal to exit. #打榜优质内容