This downturn will have two main scenarios
One scenario — a continuous decline to around 1K, very unlikely
The other scenario — a bounce near 1700
which is happening right now
And also this year, due to the implementation of regulatory bills
there will be another very strong decline
and probably another one
But before actual implementation
there is usually a wave of recovery first
This is market inertia
as well as emotional recovery
The real test
will come after clear rules are established
If the bill is officially enacted
centralized exchanges
will face regulatory pressure
The future standard
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