Recently this damn rainbow chart is said to be pretty popular.


To be honest, in my eight years in the crypto space, I've barely looked at it for more than 10 minutes.
Maybe I'm out of touch, I really haven't seen it.
Between November 2022 and January 2023, it briefly stayed below the blue zone.
This month it's broken below the blue area again, and as the market keeps declining these days, many people have started studying it.
Actually, this rainbow chart just shows Bitcoin's relative valuation levels and market sentiment at different stages.
The chart is based on a logarithmic growth curve fitted to Bitcoin's historical price, with rainbow-colored bands overlaid on the curve channel, ranging from undervalued to overvalued.
No need to overreact—just wait for the market to change.
#美国5月PCE通胀升至4.1%创三年新高
BTC0.82%
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Feihong
· 40m ago
Still need to wait.
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ThisIsTranslateContent:
· 2h ago
Just go for it 👊
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