Current Market Update.

1. After each halving, the price fluctuates in a 10-15% range, and it takes about 5-6 months to start the Pump.

Check the price action after the 2020 halving.

2. Considering that the 2024 halving behaves similarly to 2020, we should see a range between 60-70K and then rise.

3. Something is different this time.

A: I still don’t see enough leverage. Please still hold leveraged coins even after the price crash. This is not good for the momentum of “only up and not down”.

B. After 2020, the Fed injected a lot of money into the market to try to help those who lost their jobs due to the epidemic. This phenomenon is no longer there.

C. Many celebrities launched their scams, and many crypto Twitter users also helped them. This is sad and also marks the end of the mini cycle. Every time a celebrity starts tweeting about crypto, it is a pump.

4. I think the 61-62K area will hold as people exit their leveraged positions to allow the spot-led rally to occur. #美国PCE数据将公布