$BTC

In the past few days, the market liquidity has been almost nonexistent, and the price fluctuation range is absurdly small.

From the market perspective, if there is an upward breakout in the next couple of days, it might reach 108,000 at most; if it crashes down, hitting 101,000 is not a problem at all. Judging by the intensity of the liquidations, the downward force is clearly much stronger.

Trump is pressuring Powell to cut interest rates, but he just won't do it. Not only will there be no cut in May, but also none in June, and don't even think about July.

The more realistic problem is that there is no one to pull the market up; retail investors are offloading, and large whales have sold off 80% of their holdings, leading to a spike in the long-short ratio.

This is typical of a market where it can't go up, and no one wants to short; in this market, no one can do anything.

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