Let's review the true turning point of Bitcoin's price

The US-Iran negotiation agreement is not finalized

→ Crude oil prices cannot decrease

→ US inflation remains high

→ Rate cuts and their reductions

→ Liquidity cannot flow out

→ Additional funds cannot recover, investors are unwilling to take risks

→ Bitcoin's price is unlikely to see a turning point

A price turning point does not necessarily have to wait for rate cuts; rather, it depends on whether rate cuts are eased or increased. Currently, the chip structure is healthy, but the weak point is the funding environment in the crypto space.

A rocket is not impossible to launch; it just lacks an ignition device at the moment.

Without an ignition device, the big premise of US-Iran negotiations becomes an amplifier. Both sides fight and negotiate, worsening negotiations cause Bitcoin to plummet, easing negotiations cause Bitcoin to rise.

The recent sharp decline is due to Iran and Israel exchanging fire, which essentially adds chips to the upcoming negotiations.

Before June 10th, it’s probably unlikely; the next window depends on between the 10th and 20th. $BTC ‌#伊朗袭击以色列