$BTC breaks new highs with hidden secrets! Three major bearish factors strike, the battle between bulls and bears in the crypto world intensifies!
BTC surged to a new high yesterday, but the market shows strange signs —— altcoins collectively stalled, with over half of them rising less than 5%, leading to severe divergence. At this moment, do not let your guard down; three major bearish factors are quietly approaching: U.S. May PMI rebounding, inflation expectations heating up, and potential hindrance to interest rate cuts; tensions in the Middle East escalating, geopolitical risks are imminent; the U.S. House of Representatives passed a military spending and tax reduction bill, if implemented, will drive up U.S. Treasury yields, putting pressure on capital in the crypto market.
Despite the macro clouds (tariff headwinds, volatility in U.S. stocks, fluctuations in U.S. debt), institutions remain confident in BTC's outlook, continuously increasing their positions, coupled with favorable policies (stablecoin legislation approaching), short-term sentiment prevails. It is recommended to take partial profits recently, maintain a 70% position, primarily in BTC, with a small amount of quality altcoins. Amidst the intertwining of bulls and bears, grasping the main line is essential to navigate through the fog of volatility!
