Since Bitcoin fell below 66,000, it has been adjusting downward to find a support position. At present, no such support level has been seen. This morning, it fell below 63,000 again. At present, there is no support signal from any angle. If there is no pin-spiking phenomenon, the market will continue to test and search, so we need to be more patient.
From a cyclical perspective, after June, there is a high probability that the decline will stop from July, and then the market will gradually stabilize. Starting from the third quarter, there will be an improvement, but it will take until the fourth quarter to really take off. We have already said this when we made the annual macro forecast at the beginning of this year.
At present, the market has given us a lot of time. During this time, everyone can learn more knowledge, and then study and think more about how the market will develop in the future and which tracks will be alpha in the future. When the overall market is not good, it is a waste of time to stare at more plates, which is meaningless!
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