With the advent of China's policy, it is still difficult for the price of Bitcoin to rebound quickly. Recent news that is not conducive to Bitcoin has caused many Chinese to sell Bitcoin. This is the fundamental reason why its price cannot rise. At the same time, due to restrictions on exchanges in China, the channels for converting fiat currencies into stable currencies such as USDT are limited. The decrease in incremental funds in the market is also one of the reasons why the price of Bitcoin cannot rise.