$BTC
Don't chase the highs, don't chase the highs! Wait for a pullback!
If we can't strongly break through in the next few weeks, we are likely to experience sideways consolidation for three to five weeks!
Pay attention to Thursday's PPI data, which will further confirm the trends of inflation and the economy in the U.S.
Today, Trump called out again, expressing support for cryptocurrencies, but the market hasn't reacted much; unless there are substantial policy benefits, short-term fluctuations are highly probable.
The Federal Reserve has become the biggest variable. CME shows that the probability of not lowering interest rates in June is over 90%. Without tariffs being implemented or an economic recession, don't expect any easing.
Ethereum is expected to consolidate for a while, mainly to digest the chips bought at previous highs. If you hold altcoins, don't chase the highs, wait for a correction!
As long as the price of $BTC does not drop below the 100,000 mark, there is still a chance to challenge the 110,000 mark.
For short-term operations, focus on the price range around 101800 - 10800.
The upper resistance level is at 104800 - 105300. Only by breaking through this resistance level can we possibly rise to around 108000 - 110000.
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