20250523 Bitcoin Diary #BTC

Waller revealed last night the pathways and requirements for interest rate cuts in the second half of the year (dropping to 10% before the tariff restart on July 9 is very difficult to achieve), combined with the risks of rising long-term bond rates triggered by the advancement of the tax legislation, has laid a solid foundation for the upcoming correction at the ten thousand point mark. The catalyst may be the repeated tariffs on Europe/China/Japan or further selling of U.S. bonds triggered by macro data. Both BTC and ETH have shown the initial signs of a top divergence structure on the 4-hour level, while there is still some space for FOMO-driven increases on the 30-minute level, with a very low probability of breaking through 114000.

Intraday trading plan: Short half position at 111800, full short position at 113600, short-term target take-profit price at 108000, cautious long trades.