Direct conclusion: The current bull-bear cycle of BTC has completely broken the already rare four-year cycle (i.e., the dollar cycle), as the DXY (Dollar Index) has entered a long-term trend of oscillating decline In the long term, BTC and DXY exhibit a mirror-image relationship. If you accept that DXY is in a long-term oscillating downward trend, then you should believe BTC will experience a long-term upward movement Mid-term: The bottom is between 62471.83 and 52596.39. If you believe in cycles, you should trust the cycle of RSI (6) (the purple line below), which can be understood as a judgment of extreme market sentiment extremes. You can check the monthly chart yourself for reference—without exception, the BTC monthly RSI has now fallen significantly below the 50 midline, indicating it will attract extreme selling sentiment, thus leading to the identified bottom price range
Targeting $300K — First Release on the Internet of BTC Price Movement
Straight to the conclusion: The current bull-bear cycle of BTC has completely broken through the already limited four-year cycle (i.e., the dollar cycle), as the DXY (Dollar Index) is now in a long-term oscillating downward trend. Long-term trend: BTC and DXY have an inverse relationship. If you accept that DXY is in a long-term oscillating downtrend, then you should believe BTC will experience long-term upward movement. Medium-term: The bottom range is between 62,471.83 and 52,596.39. If you believe in cycles, you should trust the RSI (6) cycle (the purple line below), which can be understood as a top/bottom judgment for extreme market sentiment. You can check the monthly chart yourself; without exception, BTC's monthly RSI has now fallen significantly below the 50 midline, indicating that extreme selling sentiment will attract buyers, thus leading to the conclusion of the bottom price range.