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Details: ht
$btc
I think the logic of reaching a peak is very simple; the daily BTC breaking below the 120-day line looks really bad.
The monthly line for BTC has been pulling for 3 years and is forming a double top.
In terms of news, the interest rate cut has turned from a positive to a negative. It seems to be a combination of several factors.
This may not be the peak, but it is definitely the end of the market cycle; there is no market that only rises without falling. After a lot of rises, there will be a drop, and after a lot of drops, there will be a rise. The reasoning is very simple, but most people live in a fantasy, hoping for it to keep climbing.