Jack Yi: Current Bitcoin decline may be the last wave of this cycle, July-August is the best time to buy the dip

CoinFeed June 29 news, Liquid Capital founder JackYi (Yi Lihua) posted that the current decline is the third wave since October 11. According to wave theory and cyclical patterns, this is the last major drop for Bitcoin. What everyone is most concerned about is the bottom price of Bitcoin this time. The main factors are the US stock market and MicroStrategy, and uncertainty about the Fed's concerns over CPI, whether it will trigger rate cuts or even changes in rate hike expectations, thus causing a sustained correction in the US stock market. Secondly, at the tail end of past bear markets, black swans or blow-ups often occur; this time, none have appeared yet, which needs close observation. Calculating based on BTC's peak of $126,000, a 60% decline gives $51,000, and a 66% decline gives $43,000. In any case, July to August should be the final time, also the best time to buy the dip, and even the most worthwhile opportunity to operate in the next three years.