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$BTC BTC is only beginning its bear market, especially in these last few months of the year. Blindly bottom-fishing carries great risks!
The surge and pullback of the US stock market, along with gold and silver continuing to rise, all indicate that most of this market is now a game of existing assets, with little new capital entering. The probability of further declines and pullbacks is very high!
1. As a safe-haven asset, BTC should theoretically become a store of value during global trade wars, but in reality, various ETFs and high-leverage contracts are not fundamentally buying BTC, and the circulation of BTC has not decreased significantly!
2. The US stock market's high levels and year-end pullback are driving the crypto market down.
3. Various meme coins eventually go to zero, and after liquidation, funds are reinvested into BTC.
When news comes out that various ETFs are being liquidated, I think that will be the true signal to bottom-fish!