TechFlow reports that on June 29, JackYi (@Jackyi_ld) pointed out that Bitcoin is currently experiencing its third wave of decline since October 11, which may be the last major drop of this cycle. Based on BTC's all-time high of $126,000, a 60% decline corresponds to approximately $51,000, and a 66% decline corresponds to approximately $43,000. He believes market trends are highly tied to US stocks and fluctuations in MicroStrategy holdings, the Federal Reserve's stance on CPI and changes in interest rate expectations are core variables, and potential black swan events at the tail end of the bear market must also be guarded against. Overall, July to August may be the final bottom range of this cycle, and also the most worthwhile buying opportunity to seize in the next three years.
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