The downward shock will continue until 2025. This period will be long and painful.
There is neither a bull market nor a unilateral decline. The market always pours cold water on you when you are full of expectations, and rebounds when you are desperate.
Those who still have a bull market mentality after the halving may go bankrupt in this market.
The reasons include the peak of BTC market share, the long process of QT to QE, the repeated inflation caused by the Middle East war, and the uncertainty of economic recession. The current BTC price is not attractive enough. However, the fourth quarter is still full of opportunities. Band trading is a good strategy. Shorting should be considered above 65,000, and longing can be done below 49,000. Although I cannot accurately predict the top and bottom, I can adopt corresponding strategies when the price enters these ranges.
