September 22 report:
It is no surprise that Bitcoin has broken through 65,000 points, but this does not mean the beginning of a violent bull market, but the end of the rising market. BTC may peak at 66,000 to 70,000 points, and may even hit a new high, while ETH and altcoins will find it difficult to return to their previous highs this year or next year.
The liquidation in the fourth quarter does not foreshadow the arrival of a big bear market, but the process of QT turning to QE. Once BTC.D peaks, it will usher in a major weekly correction, ending the bull trend since 15,500, and it may last for a long time. The depth of the correction will be related to the trend of the US economy and the progress of monetary easing. The real violent bull market may appear in the second half of 2025 to the first half of 2026.
