$BTC

It's almost the bottom.

Forget the rules of the previous bull market. From this wave of two consecutive retracements and breaking the price of 63,800 on the halving day, the bull and bear rules of Bitcoin have been broken. Consider it from the technical and fundamental aspects.

At present, no technical aspect of Bitcoin's trend is enough to support a rebound. Only fundamentals can reverse the status quo.

This time, the non-agricultural data is contradictory. The employment data is better than expected, but the unemployment rate is worse than expected. Bitcoin should not have a clear trend rebound, and it is not ruled out that it will continue to fall.

Next Thursday's CPI is very important. If it is lower than expected, Bitcoin may stop falling and rebound.

Before the fundamentals reverse, all rebounds will be difficult to last.