Powell really wants the horse to run but doesn’t feed it grass. Since there’s no interest rate cut, he wants to stabilize the U.S. stock market without a crash. After a downward spike, there’s a volume-reduced rise. President Trump stated that a significant press conference will be held tomorrow at 10 AM (10 PM tonight Beijing time) in the Oval Office, concerning a major trade agreement reached with a respected major power. The previous export restrictions on AI chips to China have been lifted!
Bitcoin first went up and then down today, clearing out positions between 98000-99000, and there’s no profit above that. Further increases would be meaningless, as there’s profit below, so it will turn downwards. The extreme is around 99400, with 17 billion below and 2.2 billion above; the main force certainly knows where the profit is.
The triple top script is here; Bitcoin will soon go to 86-88k or even lower?
BTC has retraced to the trendline on the 4-hour level, clearing stop-loss orders above 97700. If it breaks 97200 here, it can basically confirm the deep washing position script.
To put it bluntly, without sustained positive stimuli, BTC is very likely to follow previous predictions, fluctuating downwards to find a bottom, with the first target being 92k and the second target being 88k.
Those who want to clear positions or short, look over here.
BTC directly cleared all the short positions at 98.3k, with 35 million dollars in shorts cleared in one hour, almost clearing the 41 million dollar shorts at 98.4k.
If this trend continues, it feels like it could raise the clearing price of the shorts to around 99.2. The strongest short liquidity and sell orders are all in the 99.2-99.8k range, which is also the best shorting area.
Everyone is looking forward to the altcoin season, but with the current market, is there still hope for the altcoin season? It really makes people anxious!
Currently, it seems that a broad market rally is still unsatisfactory. We need to wait for interest rate cuts and liquidity injection for related possibilities, or expectations of rate cuts will also work. Altcoins still need to be patient and lower expectations; it may be late, but it will definitely come.
As for the track aspect, there’s not much to say. Going forward, we mainly look at MEMEheAI; these two are definite opportunities. Of course, specific tokens need to be looked at specifically, and regarding rwa and games, I think some additional attention can be paid. This round still needs some different elements; it can't just be various memes. Once the attention in the Ethereum ecosystem warms up, related tokens may also see some hype.
The altcoin season is still expected, but Bitcoin's dominance, macroeconomic pressures, and regulatory hurdles have temporarily pressed the pause button on altcoin enthusiasm. However, once BTC enters a stable period and liquidity returns, altcoins will welcome their moment.
The main force has only two means of washing positions, as everyone knows: either spatial amplitude or time fluctuation. The shark won't easily let shorts around 90k off the hook, and naturally won't give those who missed the opportunity a chance to board. Moreover, the bull market isn't far off, maybe just half a year left; cherish this last half year of the market!