Is BTC in a double top form or a bull market restart? Bitcoin Rainbow 🌈 Explore the picture! 1: After the market chose to decline in early February and hit bottom in early April, Bitcoin has once again returned to above $100000. The highest reached $105800, which is significantly different from previous time points in terms of the decline period and start time nodes this year. In previous years, the market during the Spring Festival and the beginning of the year broke this pattern. However, the decline time in April each year has experienced a deep wash and oscillation from May 6th to July, and the current market trend has clearly changed. 2: Whether it is a rebound in the form of a double top or a confirmation of another takeoff after breaking through 100000 yuan, let's take a look at the trend data analysis of the rainbow chart. After Bitcoin stabilizes at $100000, the previous interval point was at $143000, which is only the first interval point. The second interval point is at $193000, which is also a compound stabilization of 100000 yuan, doubling to near $200000, and is also a compound institutional target. 3: According to the current data on the expectation of interest rate cuts by the Federal Reserve, there are probably three more interest rate cuts this year. The interest rate cut in June may not happen, and the hype will continue until July and August. Last year, interest rate cuts also began in September. Therefore, the market is generally optimistic about the interest rate cut in July, and with the current market price returning to 100000 yuan, it is really possible for the price of Bitcoin to follow the rainbow chart trend and reach one million RMB per coin. 3: However, the market is always out of everyone's expectation, so brothers and sisters should be cautious when entering the market, and stop loss when issuing an order. Whether it is spot or contract, they must do a risk control on withdrawal to prevent large withdrawal risks and lose their principal.....