What can I say?

I think Circle was very strong last week, but it was not linked to the crypto market. Everyone was very scared, afraid that it would be the same trend as when Coinbase went public.

As a result, it was flat for two days over the weekend, and Circle continued to open high and go high on Monday, which aroused the mood and some people dared to buy Bitcoin.

At the same time, several positive factors were realized. The DEFI-related meeting held by the SEC was positive, the stablecoin bill was positive, the Sino-US trade was positive, and the data day was positive (early interest rate cut).

All the positive factors were pushed to the previous high position this week. I think it is a good position for shorting.

Now it seems that Circle is in a slump, the mainstream cottage industry is leading the decline, and Bitcoin is also down. If the external market is not good in the next two weeks, Bitcoin will go to 100,000 again. I personally see it around 97,000-98,000, and it will really fall below 100,000.

So, keep waiting.