In the cryptocurrency market, investors have varying views on the future trend of Bitcoin ($BTC). Some investors expect Bitcoin to break through the $69,000 mark and continue to rise, while others hope to see Bitcoin prices fall below $66,500, triggering a larger decline.

Seasoned investors understand that for altcoins to achieve significant growth, Bitcoin must weaken its “blood-sucking” effect, so that more money will flow to altcoins. In addition, although the United States may cut interest rates by another 25 basis points, the magnitude will pale in comparison to the previous bull market. We must realize that the fundamental reason for the current underperformance of Ethereum ($ETH) and altcoins is the lack of liquidity in the market, and all other reasons are based on this.

In the market, many people analyzed and criticized the poor performance of ETH, and some even blamed it on Vitalik Buterin’s private life. But I think these views are ignorant. Looking back at the past market, there were only a limited number of public chains and ecosystems at that time, and there was no meme concept. I believe that Vitalik wants the price of ETH to rise more than anyone else, but the reality is that the market is expanding rapidly, with more and more participants, but not enough capital injection. This results in the market not being able to develop healthily, and it is difficult to see thousands of coins flying together. accomplish.

If Bitcoin falls below the support level, giving us the opportunity to buy the bottom, can we be sure that we will make money? Isn’t it because of the breakthrough rise of Bitcoin that many people entered the currency circle? If Bitcoin really falls to 50,000, 40,000 or lower, it will lose the most basic banner of attracting OTC funds, which will only make the already depressed currency circle more difficult. Don’t always buy the bottom if it falls. Think back to this, when the price of Bitcoin was $15,000, did you buy the bottom? This kind of logic of reversing cause and effect will only disturb people's hearts. Perhaps the result of a sharp decline is that the market will never recover.