The market sentiment is approaching the critical point of collapse, and Ni Da hasn't written a long article for a long time, interpreting many of the recognized parts: one ️⃣ The current Bitcoin market is neither a complete bull market nor a complete bear market, but it has indeed completed a complete form in the short term, mainly due to high interest rates and liquidity restrictions. two ️⃣ In the absence of an economic recession, the price support level of Bitcoin is around $70000, which mainly comes from the inflow of ETFs and strategic buying. However, if an economic recession triggers panic selling, the price may further decline. three ️⃣ In the long run, there will be a bull market in the next 2 to 3 years, which is closely related to expected monetary easing policies such as lowering interest rates and quantitative easing. four ️⃣ Suggest gradually building a warehouse between 70000 and 80000 US dollars