Powell really wants the horse to run, but doesn't give it any grass to eat. Since there is no interest rate cut, yet he wants to stabilize the US stock market from a sharp decline, after a downward pin and line, it is a volume-reduced rise. US President Trump announced that there will be a major press conference in the Oval Office at 10 AM tomorrow (10 PM tonight Beijing time) regarding a significant trade agreement with representatives from a respected major country. Previously, the export restrictions on AI chips to China have been lifted!
Bitcoin first goes up and then down today, liquidating between 98000-99000. There’s no profit left above; further increases would be meaningless, as there is potential profit below, so it will turn downwards. The extreme is 99400, with 17 billion below and 2.2 billion above; where there is more profit, the main force certainly knows.
The triple top scenario is coming, and it won't be long before Bitcoin hits 86-88k or even lower?
BTC has pulled back to the trend line on the 4-hour chart, clearing the stop-loss orders above 97700. If it breaks below 97200, it can basically confirm the deep washing scenario.
To put it bluntly, without continuous positive stimulus, BTC is very likely to follow previous predictions, oscillating downwards to find a bottom, with the first target for deep washing at 92k and the second target at 88k.
Those looking to get out of a position or short, look over here.
BTC directly cleared all the short positions at 98.3k, liquidating 35 million dollars worth of shorts in an hour and almost clearing 41 million dollars worth of shorts at 98.4k.
If following this approach, it feels like the price of short positions can be raised to around 99.2, with the strongest short liquidity and sell orders 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 it? It's really making people anxious!
Currently, the overall rally is still unsatisfactory; we need to wait for interest rate cuts and liquidity to possibly have a related chance, or at least expect a rate cut. Altcoins still require patience, lowering expectations; although late, they will definitely arrive.
As for the track aspect, there's not much to say, mainly just looking at MEMEheAI later, these two are certain opportunities, of course, the specific coins need to be looked at specifically. As for RWA and games, I think they can be given some incidental attention. This round still needs something a bit different, it can't just be various memes. Once the attention in the Ethereum ecosystem warms up, there may also be waves of speculation related to it.
The altcoin season is still expected, but Bitcoin's dominance, macroeconomic pressures, and regulatory hurdles have temporarily pressed the pause button on the altcoin frenzy. However, once BTC enters a stable period and liquidity returns, altcoins will have their moment.
There are only two methods for the main force to wash positions, as everyone knows: either spatial amplitude or time oscillation. The 'dog' won't easily let shorts near 90k off the hook, and naturally, it won't give the latecomers a chance either. Moreover, the bull market won't last long, maybe just another half year or so. Let's cherish this last half year's market!