Elementary school students analyze that the Bitcoin bull market top is just around the corner.

USDT.D is the market capitalization ratio of USDT. I drew a trend line and marked the nodes that touched the trend line in the past eight years. I found that they were all at the top of Bitcoin's bull market or bull market.

If someone said that ETFs appeared in this bull market, it would be different. But don’t forget, the last bull market also had Grayscale’s Bitcoin Trust.

USDT.D represents the purchasing power of funds on the market. When the purchasing power of funds on the market cannot keep up with the rising prices, will ETF investors still buy?

Comprehensive analysis shows that the top of this calf top will definitely be achieved through a sharp rise and fall in the price of Bitcoin.

Before the price of Bitcoin returns to 69,000 again, enjoy swimming naked in the bubble of copycats and memes.

My expectation is that Bitcoin will be sideways for two weeks, and the copycat meme will start to dance in these two weeks. After two weeks, Bitcoin will rise again. It may rise again to 70,000, or maybe 80,000, or 90,000, and then it will start 1-2 months adjustment.