GM! 1.20 #Crypto Quick market review🤑🤑

There are 94 days until the $BTC halving;

1️⃣ Bitcoin is 48K away from this round’s high and has dropped by 8,000 US dollars. There are two main reasons: first, Grayscale sells 10,000 BTC at the opening of each trading day, triggering panic, and large players on the chain also sell; second, macro The interest rate cut is expected to be postponed, the US dollar is strengthening, and funds are waiting to see;

2️⃣ At present, I still maintain my previous view of 38k-43k shock. Being bullish in 2024 does not mean that the midfield will not plummet. This year, it is possible to reach 32k-35k;

3️⃣ In the long run, Bitcoin is still a good way to store value. It cannot replace gold, but it can be used as a supplement. When it reaches a certain high level, the volatility of Bitcoin will become smaller and smaller, becoming a hard currency;