It is too early to judge whether the bull will be 2025 or 2024. We can only wait until the end of the year. Bitcoin’s seemingly four-year cycle is not a fixed rule or a curse, but corresponds to the economic cycle every time.

Even if interest rates are cut in March next year, if there is no new BTC narrative, the probability of reaching a new high is unlikely. It may be the BTC fee ecosystem or RWA (refer to 2020 defi summer)

The current market has been sideways for a month. It depends on whether the last interest rate hike is announced next week in July. The announcement is unlikely. It is very likely that the market will rebound when the boots hit the ground, but the amplitude will not exceed 3.2W, and then it will start to fall due to liquidity problems.

The wave just now basically eliminated the long orders, and then the short orders below 29,700 were basically eliminated, and it was almost possible to go sideways.