The crypto market has fully entered a bear market—stop expecting mid-to-long-term rebound opportunities. The major coin, Bitcoin, is showing weak momentum and will most likely drop to the 6.5 level first. Once interest rates start to decrease, there might be a brief rebound to 8.3, and that’s about it. Even if the U.S. stock indices keep climbing, they won’t be able to lift Bitcoin’s performance. High interest rates continue to suppress the market. Rate cuts can only bring a short-lived recovery, but after that, the market will return to its slow decline and choppy movement. The bear market is going to be a long one.