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The Godfather gave his series of explanations.
Let's take a look at the biggest bears, the godfather's judgment on the current market.
The following is an overseas note of the blogger's views on the current market, without personal subjectivity.
ETFs are good for the medium to long term. They will facilitate the entry of large amounts of institutional and retail capital into the market. However, they can be bearish in the short term. They may be "sales pitch news events" or may even be postponed further. This is the case, for example, of the CME Bitcoin futures launch.
Halving is also a bullish event, but that doesn't prevent a strong crash before the Halving happens. In 2020, the Halving took place in May, and in March, during the Covid crash, prices fell sharply.
He has always been obsessed with 12K BTC.