After experiencing this series of market liquidations, I began to deeply understand Musk's warning last year. He once said that the longer the high interest rate environment lasts, the more serious the trauma to the market will be! Today, the sluggish US stock market and cryptocurrency market seem to be the price paid for long-term high interest rates. If this is true, then this round of decline will undoubtedly be heart-wrenching, and its impact may last for at least more than a month.

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Specific to Bitcoin, its price range may be re-anchored between $42,000 and $48,000, and what is more worrying is that the risk of falling below the $42,000 mark cannot be ignored.

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