#BTC shares my personal views on the upcoming situation:
1/ The cost of the doghouse continuing to rise is too high; it is not worth it for the little funds of the short sellers. We are currently in a phase of luring shorts, and even the trend line from 74500 under pressure will break, attracting more short sellers. However, from the chart, we can see another pullback, which will liquidate all the accumulated shorts;
2/ This round of manipulation has indeed changed. Unlike past adjustments/accumulations/mid-stage operations, various moving average indicators are all chaotic. If the manipulators want the market to survive healthily, they must return to fundamentals and allow retail investors to make money. If we make money, we will continue to play. The manipulators will sneak attacks a few times a year to complete the harvest;
3/ Various positive news is flying around at the top, just as negative news flooded the market at the bottom;
4/ Tonight at 2 AM, there is a Federal Reserve monetary policy meeting. I estimate it will not have much impact on the market. The market's expectation for a rate cut in June is already very low, and everyone thinks it will happen in September. So what will happen in the gap of June/July/August? I boldly believe that there will be a rate cut in September, so any advance will only occur in August, and it is impossible to see a sharp rise starting in June. What do you think?
5/ When to participate? As shown in the chart, I believe 114000 will be the peak in the coming months, followed by a correction down to around 90000 USD, completing a medium-term big fluctuation before reaching the new high you are expecting.
6/ The above is just my personal understanding and does not constitute investment advice. Let's communicate together on the homepage.
1/ The cost of the doghouse continuing to rise is too high; it is not worth it for the little funds of the short sellers. We are currently in a phase of luring shorts, and even the trend line from 74500 under pressure will break, attracting more short sellers. However, from the chart, we can see another pullback, which will liquidate all the accumulated shorts;
2/ This round of manipulation has indeed changed. Unlike past adjustments/accumulations/mid-stage operations, various moving average indicators are all chaotic. If the manipulators want the market to survive healthily, they must return to fundamentals and allow retail investors to make money. If we make money, we will continue to play. The manipulators will sneak attacks a few times a year to complete the harvest;
3/ Various positive news is flying around at the top, just as negative news flooded the market at the bottom;
4/ Tonight at 2 AM, there is a Federal Reserve monetary policy meeting. I estimate it will not have much impact on the market. The market's expectation for a rate cut in June is already very low, and everyone thinks it will happen in September. So what will happen in the gap of June/July/August? I boldly believe that there will be a rate cut in September, so any advance will only occur in August, and it is impossible to see a sharp rise starting in June. What do you think?
5/ When to participate? As shown in the chart, I believe 114000 will be the peak in the coming months, followed by a correction down to around 90000 USD, completing a medium-term big fluctuation before reaching the new high you are expecting.
6/ The above is just my personal understanding and does not constitute investment advice. Let's communicate together on the homepage.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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