btc I think the logic for a top is pretty simple. On the daily chart, $BTC breaking below the 120-day moving average looks super ugly. On the monthly chart, $BTC has been climbing for 3 years and is forming a double top. On the news front, the rate cut benefit has turned into a bearish factor. It’s a combination of several factors. Even if this isn’t the top, it’s definitely the late stage of the trend. There’s no such thing as a market that only goes up without falling. When it goes up too much, it falls; when it falls too much, it goes up. The logic is simple, but most people live in a fantasy, imagining it will keep pumping.