Analysis: The dual peak form of Bitcoin is worth being wary of, but the possibility of a complete collapse is unlikely

According to BlockBeats, on June 27th, Tischhauser, the head of investment research at digital asset banking group Sygnum, stated in an interview with CoinDesk: "Due to fundamental valuation challenges, the cryptocurrency market is driven by sentiment; therefore, technical analysis signals like the Double Top are worth cautious treatment. Nevertheless, a comprehensive market collapse requires catalysts like the Terra crash or FTX crash in 2022. Unless a similar black swan event occurs, based on current political and regulatory support and sustained institutional capital inflows, we may see a long-term bull market cycle