Did Trump buy BTC? Scam! Giants are using good news to dump at 111987.
The feast is over, the sickle appears - when the Bollinger Bands closure meets the MACD death cross, 110,000 has become a short-term iron top.
News front: Three major bearish pressures looming.
Trump's 'big thunder with little rain':
Although he announced a strategic U.S. Bitcoin reserve, it is actually the confiscation of assets to fill the treasury rather than buying with real money. The market found no new buying, and the good news turned into a selling pressure trigger.
Federal Reserve interest rate cut expectations 'advance overdrawn':
May core PCE inflation fell to 2.52%, which boosted the market, but EMC Labs warns: current prices have digested all interest rate cut expectations before September, and the good news has run out, turning into bad news.
