Three essential elements for a bull market:
Low interest rates, QE money printing, and BTC halving;
Low interest rates + QE money printing are the basic conditions, and BTC production reduction is an opportunity;
Any other good news can only affect the short-term trend and cannot bring incremental funds to the market. It is just a transfer from the left hand to the right hand. Obviously, the current economic environment does not meet the first two basic conditions, and a bull market does not exist. We have to wait for countries to cut interest rates and print money on a large scale.