I think there are multiple reasons why Bitcoin deserves our attention From January 2022 to around 33, it has dropped by half compared to the 21 year high of 69. Today in 26, 60000 has dropped by half compared to the 25 year high of 12.6 There is a short-term irreversible macro level in 2022, which is the beginning of the interest rate hike cycle. And now, regardless of the power of the four-year cycle, prices have indeed fallen. But there was no irreversible macro suppression like in 2022. Even though it may take some time for the market to accept the decision to shrink the balance sheet, it is not irreversible and can be changed The US government shutdown has also ended, and it seems that there are no negative or positive factors in the market. However, due to the sensitivity of BTC to macro liquidity, it is not an exaggeration to say that it will inevitably fall in the absence of any emotions. Because there is no macro liquidity narrative. The US stock market has fallen, BTC lacks liquidity support, and although we cannot fully observe the four-year halving cycle at the macro level, it is no longer possible But the market is afraid. Especially when there is no new news that can stir up emotions. The market will think that if I don't run, it's too late. What if the bear really walks deep You can use various logics to explain that the 4-year cycle is gone, but the market is still afraid and feels that it will plummet. Leaving at 87000 yuan is better than cutting meat if it falls deeper in the future. Okay, maybe this emotion caused the crash It seems like the impact is endless. It's almost at the price position when the general election starts in the second half of 2024. I think we need to pay attention to this ⚠️ When emotions arise, during the blockchain revolution, BTC rises, and it seems like it's rising for no money And when emotions dissipate and there are no subsequent emotional stimuli to keep up, various fuds come. In addition, the lack of liquidity support resulted in a downward trend, as we are currently experiencing Everything else depends on BTC's face. BTC doesn't look good anymore, so others are inevitable. The lowest is already 60000 now. As for when the decline will stop and the panic will be relieved. Let's see if Trump can come out and shout about the risk market. Waiting for macro level policies. We have to keep enduring. Hey, the sol I bought in 1989 has dropped a lot.