Due to the significant impact of ETFs on BTC, it has a stronger correlation with US stocks, and is currently still in a bull market cycle.
However, prior statements by Trump supporting cryptocurrencies and the Fed's hawkish rhetoric have suppressed Bitcoin's rise.
Bitcoin has support at 92000, but has not formed an effective reversal, and may potentially dip to 90000. Since the price has already fallen, it will take time to digest the previous bubble.
The altcoin market seems to be approaching its peak season.
