【Mystical Carving Series】Carving the Final Market Trend of BTC Bull Run——
The bottom of this pullback is carved at the end of June
The top of the next market trend is carved in mid-August
The bottom of the next pullback is carved at the end of August to early September
The final bull peak is carved in mid-September to mid-October
The black line in the chart represents BTC: MVRV index for the ⟨20 years to present⟩ period; the blue line represents BTC: MVRV index for the ⟨16-21 years⟩ period; the red line represents BTC: MVRV index for the ⟨12-17 years⟩ period. The three lines align with the halving dates of BTC mining output for each respective cycle
Note: MVRV (Market Value to Realized Value) refers to the ratio of Bitcoin's total market value to its total acquisition cost.