Starting in mid-February, the market as a whole began to exhibit risk-averse sentiment. As of today, all three major potential market crash factors have been eliminated. If any one of these three data points falters, the crypto market could face significant pullbacks, such as Bitcoin dropping to the lower weekly boundary of 69x.

However:

1. Nvidia's earnings report exceeded expectations.

2. U.S. GDP data met expectations.

3. PCE data met expectations, leading to bets on a Fed rate cut in June.

Due to panic and risk aversion, Bitcoin dropped to around 78 today, but the gloom should be lifted, and the market in March is worth looking forward to! Once again, I advise everyone to be cautious when shorting! Bulls can start entering in batches.

Don't panic and think the bull is gone just because there's a small pullback. Hasn't there been significant pullbacks in previous bull markets? Didn't they ultimately end up doubling? I disdain those who say the bull is here when prices rise and the bear is here when prices fall.