This month, it dropped to around 60,000 at its lowest. If it closes with a downtrend this month, that will be five consecutive monthly declines. Historically, there has never been a five-month consecutive decline in the monthly K-line, so this time it’s likely to set a new record.

The fundamental reason for the weakness in the US stock market, precious metals, and BTC is the Federal Reserve’s policy of not cutting interest rates. Currently, this policy is expected to remain until at least March of this year. However, in June, Powell is set to step down, and a new Fed chair will take over. Regardless of who becomes the new chair, the Trump administration will continue to pressure for rate cuts. The new Fed chair is appointed by Trump, which means rate cuts are certain after June.
Based on BTC’s current decline pattern, if it drops again next month, it’s likely to bottom out in the first half of the year, then fluctuate sideways in the second half, and transition from a bear to a bull market next year.