The logic behind the current rise of BTC is still externally driven. For example, the reason for today's rise is that our friends in Asia learned about the Bitcoin state strategic reserve passing, combined with media promotion inside and outside the country, creating a certain FOMO sentiment. However, coming up, there will not only be the Federal Reserve's interest rate meeting but also a 30-year Treasury auction.

The former has a greater impact; whether Powell is dovish or hawkish is crucial. From my personal understanding, the probability that Powell continues to shift the blame to Trump this time is quite high. Furthermore, the GDP and non-farm data indicate resilience in the U.S. economy, stimulating the rise of risk markets, but inflation has not continued to decline, so it cannot be ruled out that Powell may continue to signal the market.

Additionally, the probability that the 30-year Treasury continues to withdraw liquidity from the risk market is also present, so I am currently maintaining a cautiously optimistic attitude.