How long will it take for #BTC☀ to reach a new high?

Time: Bitcoin began to adjust after reaching a new historical high around March 14, which has been more than 5 months, half a year.

Looking at the two big bear markets, it started to fall in December 2017 and bottomed out in December 2018, and fell for a whole year. From November 2021 to November 2022, it also fell for a whole year.

Even if it is a big bear market, it has fallen by half, so what is there to be afraid of.

Moreover, from the linkage of US stocks and the inherent cyclical laws of Bitcoin, it is still in the bull market process.

From March 14 to August 5, the adjustment of 5 months is not a short time. It can be clearly judged that this wave of adjustment has bottomed out on August 5 and will not continue to fall.

From 7w3 to 4w9, it has fallen by more than 30%, and there is enough room for decline.

Although the adjustment is in place, the sharp drop on August 5 has led to the divergence between long and short positions, and the long position cannot gather quickly, and the short position is basically balanced in the short term.

However, the fund is still almost continuously inflowing every working day, and the US stock market is still breaking upward. This balance will soon be broken, and the long position will still dominate.

The Fed's interest rate cut is basically clear, but it is just a matter of how much. As the interest rate cut meeting approaches, the market will really reach a new height in the next 4 weeks before the interest rate cut.

I think this kind of big positive is generally more expected. After the real interest rate cut is implemented, uncertainty will increase instead.