The Bitcoin Conference officially opened, but the market has entered a period of adjustment.
As we all know, the market often hypes expectations: the price rises before the news is released, and adjusts after the news is released. This rule is well known to people in the industry. If you are still fantasizing about "the price of the currency will rise in three days of the conference" because of the FOMO (fear of missing out) sentiment of the Bitcoin Conference, it seems too naive.
In any case, the short-term carnival has ended early. The direction of the market still needs to rely on the promotion of long-term positive factors. We need to wait patiently for the upcoming interest rate cut, and don't place too high expectations on the Bitcoin Conference. At present, Bitcoin still needs to conduct a second bottoming out.
This Bitcoin Conference failed to push the market above $70,000, but when the market starts next time, it is likely to break through this level.
