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Bear market bottoming out$BTC , the US stock market can be used as an important indicator.
When will Bitcoin hit bottom? Just focus on the major US stock indices; they can serve as key indicators. Bitcoin has now become a liquidity-excess external market similar to the US stock market.
When US stocks are at high levels with tight liquidity and experience a downward trend, high-risk external markets like Bitcoin will react in advance, with capital withdrawing and liquidity tightening. It simply can't rise.
When US stocks release their risks and start a new round of gains, Bitcoin will follow the US stock market to rise, and this increase will be amplified.
The current bull market began in January 2023, and the US stock market started around that time as well.
So the conclusion is to patiently wait for the US stock market to fully release its risks before entering the market. The exact timing is uncertain, but it should be in the second half of this year.
After reviewing data from many bloggers and historical data, the average correction during mid-term election years is about 15%.
One year after the election, there is nearly a 90% probability of a rise.
Bitcoin is a liquidity-sensitive market indicator that tends to top out before the US stock market and start earlier. $BTC #Gate广场四月发帖挑战