$BTC $TRUMP

The recent rebound of Bitcoin from 74457 to 107114 totals a rise of 32657 USD, with a morning spike reaching around 107000, followed by a significant selling pressure leading to a rapid pullback.

This rebound is still over 3000 points away from the last historical high of 110000. I personally believe that technically it has already reached a second peak, and we are likely entering a major downward trend in the next cycle. I suggest that for mid to long-term investments, it is still advisable to enter with low leverage and large positions, and the risk control point can directly reference the historical high of 110000. I expect the downward momentum to manifest broadly in the technical patterns this week.

Looking at past historical trends from June to October, the market has generally shown a weak adjustment and a retaliatory decline as the main theme.

Only after October will there be some warming. I personally advise against being overly blind to expect 110000-120000 or even more naively, 150000.

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#BTC挑战11万大关