9.1 Two nuclear-level bearish factors 1. There's a 55% chance of a rate hike in September. Even if it doesn’t happen in September, the probability of at least one rate hike this year is as high as 72%. 2. What’s even more bearish is the midterm elections in November. The Democrats have a 90% chance of taking the House, and the Senate is a toss-up at 50-50. When that happens, crypto legislation will definitely fail to pass, and stricter scrutiny will follow. Still dreaming of a new bull market? Forget it and go to bed. Just look at 2018—when the Democrats took the House, $BTC got slashed from $6,000 to $3,000.