Remember, just because Bitcoin has returned to 10.6k, don’t forget the suffocating feeling when it dropped to 74k a month ago; and just because it fell to 74k, don’t think that Bitcoin has completely decoupled from US stocks and gold, and is destined to go down all the way. The dovish individuals even feel that if the expectation of MSTR being forced to sell off is priced in, Bitcoin might drop to 40k.

The thoughts of professional traders can change eight times in a day, let alone with so many institutional players manipulating the market, it all depends on which time frame they are betting on. The market is like a giant pendulum, swinging back and forth; there is no eternal bull market and no eternal bottom. Will a new low for Bitcoin come? It’s not impossible. $BTC