Because of the intervention of BlackRock and other institutions last year, Bitcoin reached a new high before the halving. In terms of time, it was a little ahead of schedule, because historically, it would reach a new high some time after the halving. So this round of market, because it came ahead of schedule, will inevitably trade time for space, and will continue to attack after a balance point is required in the top range!

Therefore, Baichuan expects Bitcoin to fluctuate around 70,000 for a period of time before it will show a big direction. Of course, it is likely to continue to rise, and this process may take some time! Wait until the Federal Reserve cuts interest rates and changes macroeconomic policies. After all, the rise of the market is the evolution of supply and demand! Only when the policies of the old Americans are loosened, the market has enough funds to support the current volume of Bitcoin to further sprint upward!