In the cryptocurrency market, investors have mixed views on the future direction of Bitcoin ($BTC ). Some expect Bitcoin to break above $69,000 and continue its climb, while others want to see it fall below $66,500, triggering a deeper decline.

Seasoned investors know that for altcoins to achieve significant growth, Bitcoin must stop its “blood-sucking” effect, allowing more funds to flow to altcoins. Secondly, although the United States may cut interest rates by another 25 basis points, the magnitude will be negligible compared with the previous bull market. We must realize that the core reason for the current underperformance of Ethereum ($ETH ) and altcoins is lack of liquidity, and all other reasons are based on this foundation.

In the market, many people analyzed and criticized ETH’s poor performance, and some even blamed it on Vitalik Buterin’s private life. But I think these views are ignorant. Looking back at the past market, there were only a limited number of public chains and ecosystems at that time, and there was no meme concept. I believe that Vitalik wants the price of ETH to rise more than anyone else, but the reality is that the market is expanding rapidly, with more and more participants, but not enough capital injection. This has led to the market not being able to develop healthily, and the scene of thousands of coins flying together is also Difficult to achieve.

If Bitcoin falls below the support level, giving us the opportunity to buy the bottom, can we be sure that we will make money? Isn’t it because many people entered the currency circle because of Bitcoin’s breakthrough rise? If Bitcoin really falls to 50,000, 40,000 or lower, it will lose the most basic banner of attracting OTC funds, which will only make the already depressed currency circle more difficult. Don’t always buy the bottom if it falls. Think back to this, when the price of Bitcoin was $15,000, did you buy the bottom? This kind of logic of reversing cause and effect will only disturb people's hearts. Perhaps the result of a sharp decline is that the market will never recover.

To sum up, Bitcoin’s sideways movement within a certain price range is beneficial to the development of altcoins and the healthy development of the entire market. Investors should remain patient, pay attention to market dynamics, and make rational investment decisions. In the cryptocurrency market, it is crucial to remain calm and rational and avoid making impulsive decisions due to short-term fluctuations in the market.