Heavy analysis! Bitcoin is about to fall to $50,000, and the price trend forms an "M double top" structure!

According to the technical structure, Bitcoin seems to be moving out of the classic "M double top" structure and is testing the support level. In this case, it is easy to fall to $50,000 or even $45,000.

From a macro perspective, whether it is the probability of interest rate cuts, the general election, or the Mentougou incident, these all more or less affect the trend of Bitcoin. It can be said that there are more negative events than positive ones.

But this year is different. This year is the first year that institutional funds have officially entered the market. Bitcoin spot ETF and the Ethereum ETF that will be approved soon are both real entry funds, so keep your composure, be patient capital, and get through it!

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