Figure 1 and Figure 2 show the 15-minute candlestick charts of $BTC and the Nasdaq Composite Index, respectively. The orange part indicates a slight drop on February 4, followed by a minor recovery. The Nasdaq is closed while Bitcoin is in a sideways movement, waiting for the Nasdaq to open for direction. Further to the right, we can see that after the market opens, Bitcoin also enters a closed state, unable to maintain its sideways movement, with a more obvious downward trend and increasingly shorter lower shadows, indicating that the support force is weakening.

In other words, Bitcoin is about to erase the gains of the past year, with the 6xxx range likely to appear soon, potentially in the form of a spike, but the oscillation within the 6xxx range seems almost certain; it's just a matter of whether it happens before or after the Spring Festival.

Those who enter the spot market and hold in 2024 are about to enter the loss zone.

Additionally, looking at the volume bars of the Nasdaq's 15-minute chart, the market-making traces are obvious. How long can this be maintained at a high level? Apart from a few tech giants, what else is left in the U.S.? I'm not trying to sing the blues; America's international relations are entering a period of decline, showing no signs of a major power's steadiness, resembling a street thug without bottom lines. Whether Huang Mao is the biggest black swan in the crypto world and whether he will lead the mainstreaming of the crypto space is a question of disaster or fortune, and the answer is beginning to surface.