$BTC Is the pullback a reversal to pick up people, or is it a bull-to-bear market?
First, let’s talk about the current conclusion: the market has been bearish for two months.
The Nasdaq has returned to a new high, while Bitcoin has fallen every day, and it even fell to 5.7w in the past two days, indicating that Bitcoin has been more seriously hurt by the Fed’s strong interest rate hike.
Against the backdrop of the Fed’s possible interest rate hike in June, Bitcoin is absolutely unlikely to rise, and 7.37w is the top of BTC in the long term.
Those who have held the currency for more than one cycle know that every rebound at the beginning of the bear market is a good time to run away. Now there is still 6.18w, and it’s not too late to leave.