Lao Xu's bearish prediction for Bitcoin in the medium term

On the 27th, Lao Xu predicted that Bitcoin's medium term may fall to 61,000. This prediction is related to the Fed's interest rate cut and the People's Bank of China's policy. The Fed's interest rate cut increases market liquidity, but it may trigger capital outflows from the Bitcoin market; the People's Bank of China's policy is favorable to A-shares and attracts capital inflows. Changes in capital flows have put pressure on Bitcoin, and Lao Xu predicts that its price will fall. However, the financial market is volatile, and Bitcoin prices are affected by multiple factors. Investors need to make cautious judgments. Although the A-share market has risen, investors should also remain rational, pay attention to market dynamics, and reasonably diversify risks.

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