60,000 is the iron bottom of this round of adjustment.

In my opinion, I still believe that 60,000 is the bottom of this correction. Currently, the price is very cost-effective from a trading perspective. Don't be too discouraged; the market is just a bit tedious.

From the weekly candlestick chart, the continuous long lower shadows indicate that there is enough buying power near 60,000 to keep supporting it. Optimistically, this is a process of accumulating.

The duration of the fluctuations here is long enough to form a sufficient chip turnover area, preparing for the next market surge. Ultimately, it's a test of the financial clash between buyers and sellers.

The impact of Bitcoin halving is beginning to show.

The volatility in the crypto market in April must have made many traders feel anxious again. Many people have completely lost confidence, right?

Don't worry, let me give everyone a mental massage!

Since Bitcoin was issued in 2009, it has typically halved once every four years until 2140, when a total of 21 million Bitcoins will be issued. So far, Bitcoin has undergone four halvings.

Whenever a period of time after Bitcoin halving occurs, the price often rises significantly. From an economic perspective, when supply decreases while demand remains unchanged or continues to increase, price increases are normal. Scarcity will attract long-term investors' interest, as Bitcoin may appreciate in the future.

For miners, the halving of mining rewards will lead to a temporary decline in profitability, and small-scale or low-efficiency miners will struggle to survive, eventually being eliminated by the market. This also allows the most environmentally friendly miners, who can find clean energy, to survive.

The reduction in BTC supply has ended, and there are still four years until the next reduction in 2028. Before that, there may be at least two more years of a bear market.

Currently, there really isn't much time left for the bull market; the opportunity for a bull market lasts only about a year and a half to two years. #牛市启动

Currently, many altcoins have returned to near their starting point and may experience another major upward wave, with potential increases ranging from 5 to 20 times. This basically indicates that the bull market is about to reach its peak, followed by a long bear market. #熊市

Investment directions in the altcoin market in the future, and tokens in favored sectors: #山寨季

1. BTC ecosystem: The inscription sector has huge potential in the second half of the year, focus on ORDI, SATS, RATS.
2. RWA sector: Focus on ONDO and POLYX.
3. New public chains: Focus on TIA, SUI, SEI.
4. AI field: The GPT-5 launch event is approaching, focus on FET, ARKM, JASMY, WLD, PHB.
5. MEME: Focus on BOME, PEPE, WIF, SATS.
6. Ethereum series: SSV, PENDLE, ETHFI.

Now everyone is focused on the Ethereum spot #以太坊ETF boom.

In November, the U.S. election is expected to ignite a wave of vote-seeking in the crypto field. That candidate Kennedy has stated that if he is elected, he will invest the entire U.S. budget into blockchain, which is simply painting a big picture for the future of cryptocurrency.

The Federal Reserve may cut rates twice more this year, which will undoubtedly attract more traditional funds into the crypto space, giving the crypto market a boost. Speaking of the Fed's rate cuts, there's no need to be too entangled. There are still several months until the end of the year, and how many times they will cut rates is uncertain. However, Rick Rieder from BlackRock believes that the Fed may cut rates twice this year. He thinks inflation is slowing down, and bond investors can breathe a sigh of relief. BlackRock has already adjusted its strategy and is preparing for long-term investments.

Originally, everyone guessed that there would be three rate cuts this year, but last month the core CPI in the United States was a bit high, and inflationary pressures have not subsided, so the rate cut may be delayed by a month. However, Rieder still insists that there will be one or two rate cuts this year, possibly starting in September.$BTC $ETH #大盘走势