The duration of market shocks is indeed difficult to predict, but we can look for possible trend changes from some signs. At present, the volatility of Bitcoin is relatively small, while some altcoins have experienced larger declines. This indicates that the market may be in an adjustment period, and investors need to be patient and wait for the market to become clear.

Judging from the market trend, in order for the market to strengthen significantly, Bitcoin needs to break through a key point, such as $70,000. In addition, the issuance of Tether on the Tron chain has also attracted market attention, which increases the possibility of institutional or large investors entering the market to buy at the bottom. If such funds begin to pull the market, it may bring about the market's money-making effect, thereby triggering a wider investment resonance.

In the subsequent market trend, we also need to pay attention to whether Bitcoin will fall below the important support level of $63,000. Historical data shows that after Bitcoin halving, the market often experiences a certain degree of retracement. After the halving in 2016 and 2020, the market experienced a retracement of more than 30% and 20%, respectively. This may be related to the increase in mining costs after halving and the selective selling of miners.

From the perspective of technical analysis, the market seems to have reached the end of a certain adjustment phase, both on a weekly and daily basis. The current market may be in the fourth wave adjustment phase of the wave theory, and it has been going on for some time. Some people believe that with the end of the European Cup on July 15, large funds may flow back from football matches to the cryptocurrency market, which may drive the market up again.

It should be emphasized that these views are based on the current market situation and some assumptions. Market trends are affected by many factors, including the global economic situation, policy changes, investor sentiment, etc.

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