"Every meeting will fall"?
The Bitcoin Conference is about to be held
In the past two weeks, the increase of Bitcoin has reached 10,000 points. However, as the conference is approaching, the market has started to fluctuate. Is this the curse of "every meeting will fall"?
I personally think that the current correction and consolidation should not be too large. 53,000 should not be seen again before the end of this bull market. After all, the time for fear has passed with the breakthrough of 68,000.
In 2024, Bitcoin will be halved and Bitcoin spot ETF will be passed. But everyone is sometimes worried about the recurrence of 312, sometimes worried about the Fed not cutting interest rates, sometimes worried about Germany selling coins, and sometimes worried about Mentougou selling coins. But institutions such as BlackRock have been buying, the Fed's interest rate cut will come sooner or later, and Trump is publicly supporting the crypto market, etc.
The future market will be driven by a series of long-term positive factors such as the US presidential election, the growth of Bitcoin institutional holdings, and the trend of interest rate cuts.
So I personally think that even if the retracement end point of the 4h level is taken from now on, it is likely to be above 60000
