#本周高光时刻
BTC hits 104,000, is it a steady rise or a ploy by the whale to lift the sickle?????
As Bitcoin surges to 104,000, are you celebrating profits or missing out?
It seems that friends sharing their feelings about this wave of increase cannot compare the emotions to December 5th last year when it first touched 100,000. That time, the whole network was sharing pictures of Bitcoin at 100,000, everyone was frantically entering the market to bet on a bull run, all shouting it would hit 150,000, or even 200,000, with some even saying higher! Many altcoins doubled from the bottom and started at threefold or fivefold!
In contrast, this time hitting 100,000, after 94 days, when it fell to the 70,000 range, everyone said it wouldn't bottom, and were calling for the 60,000s and 50,000s, but now reaching 100,000 the market is surprisingly calm!
This wave has seen countless shorts sacrificed, countless short positions liquidated!
Everyone can take a look at the data from the last bull market; the data doesn't lie! How many altcoins have survived???
Even strong coins like Dogecoin and Ethereum, which have global consensus, did not reach the heights of the last bull market in this cycle!!
Still fantasizing about hitting new highs???
Important things are worth repeating three times: liquidity, liquidity, liquidity!! Without liquidity, everything is a bubble illusion, a sickle raised high by the whale!!
Currently, there are too many uncertainties about interest rate cuts!
Originally, the probability of a rate cut in May was over 50%,
In June, it was firmly expected to cut rates,
In the end, the probability of not cutting in May rose to 98%, and for June, it reached 83%, with only a 53.8% probability of a 25 basis point cut on July 30.
ING states that consumer and business confidence has plummeted to levels consistent with historic recessions, which will worry the Federal Reserve. The market tends to believe that the Federal Reserve will start cutting rates in July, but ING believes there is a risk of a delayed rate cut, and the Fed may resume cutting by 50 basis points in September, just like in 2024.
So in the next couple of days, don’t get too excited with the rise, be cautious when chasing highs, and of course be cautious with short positions too, as it’s not ruled out that a whale might pump the price, giving everyone a surprise!!
Remember: Before liquidity returns, it’s all just a rehearsal for the sickle.
Don’t let your account become a roller coaster, rising without taking profits, only to watch it drop back down, or even worse, not return at all!!
Make sure to manage risks, control your positions, and take profits when appropriate!