Only by looking at history can we know the rise and fall of things. Reviewing the last halving cycle, what can you see from this halving cycle?
Last round of small bulls: From December 2018 to January 2020, BTC rose from around 3650 to a peak of 10540 in February 2020;
The first interest rate cut of the last round of the Fed: In July 2019, the interest rate was cut three times by 25 basis points in the second half of the year, and BTC fell from 10500 to 6400.
Last round of big bulls: Around May 10, 2020, the big bull was officially launched, starting a unilateral upward trend of 9 consecutive monthly lines, and reaching a high of 64000 in April of the following year, and reaching the second peak of the double-top bull structure of 69000 in November of the second half of the year.
Summary: February-March 2020: A rapid drop of 3620 from 10540 almost gave up all the profits of the small bull market in the past year. The starting point of the bull market is basically the same as that of the bull market.
