Analysis: The Bitcoin double top pattern is worth noting, but the possibility of a complete collapse is low.

On June 27, Tischhauser, the Head of Investment Research at digital asset bank group Sygnum, stated in an interview with CoinDesk: "Due to challenges in fundamental valuation, the crypto assets market is driven by sentiment; therefore, technical analysis signals such as double tops should be treated with caution. However, a comprehensive market collapse requires catalysts like the 2022 Terra collapse or the FTX big dump. Unless a similar Black Swan Event occurs, based on the current political and regulatory support and the ongoing inflow of institutional capital, we may see a prolonged bull run cycle."