1. The U.S. stock market sentiment index (fear index) has dropped to 36, showing panic in the market, which is usually a rare low level in a bull market.
2. The USDT market value has continued to rise steadily in the past two weeks, indicating that funds may enter the market at any time.
3. The Bitcoin halving event is expected to occur in 23 hours, and I don’t think the market will "sell the news".
4. The funding rate has turned negative again, which may prompt short positions to become the fuel that drives the market up.
5. On-chain data shows that there is no abnormality in the activities of whales and large households, and the LLD indicator has returned to its previous high level.
6. The valuation of U.S. stocks has reached the previous high pressure level of 0.93, and it is expected that it may bottom out in the next 5 days.
According to the analysis of current market dynamics, the price of Bitcoin may fluctuate in the range of 62K to 67K US dollars. After waiting for the U.S. stock market to stop falling and stabilize, there may be further upward momentum.
