In the past few days, everyone has been talking about the USDT dropping to 6.95 and 6.96, causing a lot of people to worry about a devaluation.
I went through the exchange rate trend of the US dollar to RMB from 2013 to now, and the results are quite interesting—historical bull market peaks (November of 13, 17, and 21) all coincided with periods of dollar weakness, which means that the cryptocurrency market peaks and the strength of the dollar are inversely related. Based on the exchange rate trend in recent months, it feels like the second half of this bull market is really approaching.
