Although the market has experienced a certain degree of weakness and retracement recently, the bull market is definitely there. The weakness of the market may be partly due to the positive factors of the US passing the Bitcoin ETF and the early arrival of the Bitcoin halving cycle. The combined effect of these two factors has caused the market to consume part of the expected increase before the halving event.

From past data, the price of Bitcoin during the halving cycle is usually around 60% of the peak of the previous bull market. However, the current price has reached more than 85% of the 21-year high, which indicates that the market may have reflected the expectation of halving in advance.

Looking ahead, we need to wait patiently for the halving of mining output and the deflationary spiral effect caused by it. Over time, this effect will gradually emerge, further promoting the increase in the value of Bitcoin. Although the market may fluctuate in the short term, in the long run, the scarcity and deflationary characteristics of Bitcoin are expected to support its value growth. So adjust your mentality and be patient. There are not many things that can be achieved in one bite. #BTC☀ #ETH🔥🔥🔥🔥 #美联储何时降息？