The current market is quite uncertain, mainly because of the US stock market. If we follow BTC's own rhythm, it will definitely be the top. But BTC follows the US stock market completely. The expectation of the decline of the US stock market comes from the fact that the US stock market will adjust before and after the US stock market cuts interest rates in history, but the depth of the adjustment varies. I have read various analyses and think that the US stock market will fall more sharply. Most funds are now on the sidelines, and they are also worried that the US stock market will collapse. But we must also realize that BTC can sometimes break away from the US stock market and move independently. Although it is not visible now, it will happen.  

At least most people will agree that this round of bull market will still come. Of course, various on-chain data also show this. And the funds held by those who are now on the sidelines are enough to start a bull market. So, many people are waiting for an opportunity to buy at the bottom. So, whether a position can be regarded as an opportunity to buy at the bottom is a complicated issue.  

There are only three current trends!

 1) Continue to fluctuate, that is, the trend of falling and rising.

2) Conduct a second exploration. The difficulty of the trend of the second exploration is where to go in the second exploration? 54,000, 51,000, and 49,000 can all be called the second exploration. The specific situation depends on the volume at that time.

3) A sharp drop. That is, another sharp drop is brewing. Then it may go to 40,000 or 30,000. But there is a prerequisite for another sharp drop, that is, the sharp drop of US stocks. That is, because the interest rate cut led to the sharp drop of US stocks, and then led to the sharp drop of BTC.