On the night of the double explosion of long and short, I see it this way. Bitcoin has experienced a consolidation period of up to 92 days. I think this long period of stability may indicate an upcoming sharp rebound.

Generally speaking, the longer the consolidation period lasts, the greater the potential for subsequent rise. The current consolidation period is the longest one, and once the current range is broken, we may see a strong round of rise.

Looking back at the cycle after the halving of Bitcoin in 2020, Bitcoin experienced a 21-day consolidation period before reaching an all-time high of $69,000 in November 2021.

This year, Bitcoin has entered a 92-day consolidation phase since its all-time high of $73,679 on March 13.

A consolidation period refers to a period of relatively low Bitcoin trading volume and volatility. Since the all-time high, Bitcoin has fluctuated in a narrow range of 26% and briefly fell to a low of $58,253 on May 2.

Some cryptocurrency analysts predict that this consolidation period may last until September or even October.

#美联储何时降息？ #非农就业人数高于预期