The technology of the gods is something I have always admired 🙏 However, many words are too much; the cryptocurrency world is never short of miracles, and there are far too many unexpected moments.

Many analysts optimistically say that 76560 is the lowest point for BTC, but looking at the monthly trend, there is still a possibility of a new low. If 76560 is to be the lowest point, April needs to close above March's highest point of 94850 or stay parallel to March, in order to turn 76560 into a V-shaped low and create a right-side market trend. Clearly, it seems unlikely for April to reach 95k. Unless a miracle occurs.

As of today, the expectation for a 25 basis point rate cut at the Federal Reserve's meeting on June 19 has reached 66.2%. It can basically be anticipated that there will be a rate cut in June. This is because in order for the April monthly line to reverse the trend, it needs to close above March's highest point of 95k or remain parallel, which currently seems unlikely, so there must be a lowest point in April-May, and then in June, the rate cut will result in the monthly line closing above the lowest point of April or May, starting a reversal in the third quarter. This is the most ideal trend and also the only hope for the bulls this year.

Of course, as long as the weekly line does not release a signal for a bottom reversal, I will basically not be bullish or take long positions. I am a rational trader, not a theoretical analyst, and I only decide to enter or exit based on indicators.