The current macro market seems to be following the 1998–2000 storyline. After 1998, the Fed decided to cut interest rates in response to the ripple effects of the Asian financial crisis, Russia's debt default, and the near-collapse of LTCM, all of which spread global financial risks. The market then interpreted this rate cut as a signal that whenever systemic deleveraging risks emerge in the financial markets, the Fed will step in to provide support. This strengthened risk appetite, and tech stocks subsequently entered the frenzied acceleration phase of 1999. Right now, we’re likely in the latter half of the accelerator phase, past the absolute safe zone for investments. However, it’s hard to say whether this cycle will end with a bubble burst causing a global market crash. In theory, most bearish factors are slowly being digested. For now, I’m leaning bullish on $BTC prices over the next few months. Before liquidity pulls back following the cooling of the AI narrative, there’s no rush to expect $BTC to drop below the 60k consolidation zone.