Bitcoin drops to around 60,000. If it keeps going down, it may reach 510–540. The most extreme level I can see is the 4-leading range—I can’t see Bitcoin hitting the 3-leading range.

This round of Bitcoin’s selloff is happening very fast. It has now broken the trend line. After that, there should be a rebound: it will form a middle consolidation zone, and then it will continue to fall further to reach the bottom. At this point, you can enter the market for Bitcoin or whatever altcoins you personally believe in. This is only my forecast—let’s see whether it plays out according to my prediction.

June’s “US liquidity draining” is extremely serious. SpaceX raised 75 billion, and together with funding from OpenAI and Anthorpic, the total comes to 200 billion. All the funds are flowing into this direction. As companies gradually go public, capital will be released. At the same time, this non-farm payroll data should be positive (17.2). But because the Fed has signaled expectations of rate hikes, the whole market started to panic. We need to look at the June FOMC meeting to see what Вosh does after taking office. After all, with rate hikes and balance sheet reduction, the whole market will shrink and liquidity won’t be enough—“water” will be insufficient.

I’m not too panicked. After all, when BlackRock held 780,000 Bitcoin before, the price only fell to around 80,000. Now they hold about 820,000. If it drops to around 60,000, at least they didn’t hold steady—they added to their position. As for MicroStrategy, as long as he can avoid going on a reckless selling spree, the impact won’t be big. Over time, the market will digest the mood, and the price action will rebound upward.

Overall, in the near term—next week in particular—there should be a rebound around 640. If it goes a bit higher, it could reach 670. Then it will continue to fall to around 50,000, and that will be the end. The timing I estimate is after June, at the latest by the end of July.

One thing that’s kind of funny is that after the non-farm payroll data came out and US stocks crashed, Trump actually asked: “Isn’t this supposed to be good news and should it go up? Why did it fall!” Even the little guy who draws the K-lines was totally bewildered!!!