Odaily News Arthur Hayes published a long article, in which he pointed out: "I firmly believe that we are still in a bull market cycle, so the worst bottom will be the historical high of the previous cycle at $70,000. I am not sure if we will fall that low. A positive signal of US dollar liquidity is that the US Treasury General Account is declining, which plays the role of liquidity injection.
If this rally is just a dead cat bounce, I expect Bitcoin to fall back to the low $80,000s, giving us another chance to enter the market. If the S&P 500 or Nasdaq 100 fall 20% to 30% from their all-time highs, coupled with a major financial institution on the verge of bankruptcy, we may experience a synchronized correction in global markets. At that time, all risk assets will be sold off together, and Bitcoin may fall below $80,000 again, or even pull back to $70,000.
No matter how the market changes, we will be cautious about buying on dips, not using leverage, and patiently waiting for the final violent shock in the fiat financial market. When the global economy recovers under the leadership of the United States, Bitcoin is expected to break through $1,000,000 or even higher.