There are three most frequently asked questions during this period:

1. Where will the current round of retracement go?

2. Has the bull market ended?

3. Is there any hope for the copycat?

For the first question, if there is no super black swan, even if BTC is affected by other macro factors, the limit of the retracement will not be lower than 43,000-44,000; but I think this probability is very small! Judging from the current on-chain chip structure, if the chips in the C1 or C2 interval are digested, a new chip accumulation area may be formed at any position above 51,500. For example, the current 56,600-59,600 interval. However, due to the large number of chips accumulated in the C1 or C2 interval, it is not possible to fully digest them in the short term. This time is at least in months. This is also consistent with our view in the previous article that the bull market trend has been interrupted by the PSIP data falling below the freezing point, and it will take months to repair.

As for the second question, the bull market is only "suspended" but not "terminated". If the market starts to turn into a bear market before Diamond Hand leaves the market, then this cycle is really fucked up and beyond my cognition. It doesn't matter, let me wait for another round with LTH, haha...

The third question is, is there still hope for the altcoin? ...... If BTC has no hope, can we still expect altcoins?

The bad news is that 99% of altcoins can't survive the next bull market;

The good news is that this round of BTC's performance has not ended, it's just that the previous rush was too fierce and it took a break.

#BTC☀️ #SHIBA🚀 #BTC走势分析 #VanEck提交首个SolanaETF