The cryptocurrency market exploded today! $BTC surged to $104,000 in one go, while $ETH also skyrocketed by 20%, breaking through $2,200. No matter how you look at it, this trend resembles the speed of elderly women in a square dance grabbing eggs; what tricks are hidden behind it?
First, let’s look at the U.S. drama. Trump suddenly started a 'trade agreement' with the UK, isn’t this just a street vendor shouting 'last three days to clear stock'? A discerning person would see this as a trick to harvest investors. Biden is also busy causing trouble, and as a result, his own backyard caught fire first. Now he still has the nerve to negotiate with China; isn’t that slapping himself in the face?
The biggest mystery of this market trend is the surge in BTC. At three in the morning, it suddenly jumped $100,000, knocking Amazon out of the top five by market value! And $ETH also went berserk after holding back for two months, rising over $400 in just one day. Those who were waiting at the $2,000 mark are almost in tears; they finally awaited the 'regular army'!
But a closer look at the market shows that the tricks are not simple. The rise in the early morning happened just when the Asian investors were fast asleep. By the time they woke up, BTC was already on top of Mount Everest. Exchange data shows that the main force net bought $20 million, but in reality, it was just a transfer from one hand to the other, with 200,000 people worldwide losing $975 million within 24 hours. This place is not an exchange; it’s simply a slaughterhouse!
Technical indicators? The manipulators don’t look at them at all! BTC's weekly chart is flying straight up with no pressure; $ETH's daily chart is soaring, but the weekly chart is stuck. The strangest thing is, as the price rises, the trading volume actually shrinks to half; isn’t this clearly the manipulators controlling the market?
Although BTC has broken through the $100,000 barrier, three major 'hidden dangers' are approaching:
After the U.S. (GENIUS Act) is passed, DEFI may completely collapse.
Meta is planning to create a stablecoin again; isn’t the last loss enough?
The new bill in Oregon may be the calm before the storm.
Worse still, the U.S. fiscal cuts, Buffett's warning, and tariff frictions are all ticking time bombs. Who knows when they will explode? Think about the tragic situation in 2018 when BTC dropped from $20,000 to worthless; the old investors certainly remember!
In this market, the veterans are trembling while the newcomers are going all in. Seeing someone open a short position at $103,500 is as bold as a gambler going all-in in a casino. But I see that the manipulators can pull up or crash the market in minutes. Don’t rush to chase the rise; think about the memorable moments of 312 and 519. Surviving long in the cryptocurrency world is the real skill; those who flaunt their profit charts might just find themselves lining up at the rooftop tomorrow.
This frenzy is a game of great power rivalry. The manipulators are having hot pot and singing, while the investors are tumbling in the candlestick charts. When the tide goes out, everyone will know who was swimming naked. However, by then, the manipulators might strip even the underpants off! A veteran's advice: Don’t rush; let the bullets fly for a while. The cryptocurrency market is not short of opportunities but lacks capital!
