6.16 A Few Views on Future Trends
1. Regarding the so-called M-top, from any perspective, I do not believe this is a historical peak. We are still in the hesitant upward phase, far from a true top or a frenzied climax.
2. It is quite normal for BTC to experience a pullback of 3-5 weeks after rising for 7 consecutive weeks and hitting new highs. The final pullback low could potentially be below 100,000, but it is unlikely to drop below 90,000.
3. BTC has become correlated with the US stock market, and the current liquidity in the US stock market has led to a supply-demand imbalance for BTC. There is no need to fear high prices for BTC; just look at how the Nasdaq has been rising for decades.
4. The opportunity for ETH is developing well, while altcoins only have temporary opportunities before quantitative easing, such as when BTC's adjustment ends and it breaks new highs again.