Bitcoin is about to test the so-called $60K iron bottom for the third time, but chances are high it won't hold. A massive drop is likely, first heading toward $55K, followed by a brief rebound before continuing to plunge! The U.S. stock market is crashing too, with sectors like semiconductors and AI all collapsing together. It's actually pretty straightforward—macroeconomic factors are at play. This year, the Fed is very likely to raise interest rates twice, leading to a liquidity crunch and the bursting of bubbles inflated by previous liquidity. With the U.S. stock market crashing, Bitcoin is taking an even harder hit!