6.4 Bear market bottom: BTC will drop below $30K 1. The BTC bull market peak often precedes the U.S. stock market, but the bear market bottom for BTC and U.S. stocks is usually synchronized. Since U.S. stocks are still at high levels, how much could BTC drop once U.S. stocks enter a bear market? 2. From a timing perspective, the bear market bottom typically occurs in Q4, especially since this year is a midterm election year, and U.S. stock performance is usually poor around election time. 3. From the perspective of the chip structure, there’s almost no significant trading volume between $30K-$50K. If it can break $50K, it can break $30K.