Regarding the recent market situation, I would like to make a personal prediction. First, I declare: this personal prediction is merely a reference for my own trading decisions. It is by no means a definite outcome; viewers are welcome to observe, think, and verify, but it should only be considered a reference. This week, the likelihood of Bitcoin reaching a new high is high. I believe the catalyst might be the Federal Reserve's announcement of interest rate results. Personally, I think not lowering interest rates shouldn't be seen as bad news. The general approach will be that the results come out, the Federal Reserve and the chairman give a report, followed by analysis from experts, which usually involves promoting expectations of increasing the frequency and extent of interest rate cuts in the second half of the year, exaggerating predictions about the timing of these cuts (it is very likely to be an optimistic narrative, preparing for a reversal later on). Over the next few days and next week, Bitcoin will likely experience a significant rise, with multiple new highs being set. The altcoin community will fill the gaps. Then there will be a sudden sharp reversal, with big players taking profits and a rapid decline, conservatively estimating between 89,000 and 91,000. Is that the limit? Everyone, I don't even rule out the possibility of dropping below 50,000, although this probability is not high. After that, Bitcoin is likely to take off. At that time, many timely narratives will emerge, and altcoins will rise unabashedly for a period of time, indicating a bull market.
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