The reason why $BTC hit a new high this year is because the market bet on future interest rate cuts in advance, rather than the actual liquidity benefits brought by the interest rate cuts to drive the bull market to a new high. So this pullback is actually understandable, but the rise caused by expectations will not be stable in the end, but this does not mean that the bull market does not exist, and there is no problem with the copycat bull market.

From a technical perspective, the expected 47,000