These 2 doors + rebound are becoming more like 2021-22.

If history repeats itself, BTC will rebound to the 98,000-100,000 range.

This wave of rebound at the beginning of 2022:

1 was driven by the rise of U.S. stocks.

2 was a technical rebound after the big drop.

3 was the downward adjustment of interest rate hike expectations.

But this rebound is ultimately a "flash in the pan." In the coming 2022,

May: LUNA collapsed.

June: Celsius crashed, 3AC went bankrupt.

November: FTX went bankrupt.

Here is the most core main line - the downward adjustment of interest rate hike expectations fell through - throughout 2022, the Federal Reserve not only reduced its balance sheet but also aggressively raised interest rates by 4%.

In 2026, this downward adjustment of interest rate hike expectations turned into an upward adjustment of interest rate cut expectations. No one knows, if this expectation falls through, will it trigger another round of hidden landmines?