The conference is about to begin, and after the market rises, it will rapidly decline.
The current market situation has reached an extremely complex state:
On one hand, there are many reasonable and persuasive reasons to remain optimistic about the market breaking new highs again.
On the other hand, **extremely volatile price action (PA)** continuously challenges our beliefs,
leading most people to either be 'squeezed' in repeated back-and-forth movements or forced to stay out of the entire upward process.
As for me, I still maintain a bearish outlook:
1. Trade tariff issues continue to substantially impact global economic growth, and under Trump's leadership, there is no long-term clarity;
2. The 10-year U.S. Treasury yield remains high, undermining the upward potential of risk assets;
3. The rise of Bitcoin seems to be driven by 'unnatural' buying—fueled by the optimism of traditional retail investors, attracting a slew of imitators, which is usually a sign of strategy hitting a peak.
Additionally, there is an ongoing Bitcoin conference, which can significantly influence market trends. There was a similar conference in June 2021, where the market initially rose and then fell, and it is very likely that this time will repeat the previous rhythm. Therefore, partners who are shorting should not have overly heavy positions to avoid liquidation due to a market rise, and I will also timely disclose key information within my small circle.
Intraday focus: ENA TON DEGO
The small circle $TON has already achieved profits.
