Bitcoin, things are not looking good, really not good!
Look at this week's closing, the trend is ugly, it really makes one feel uneasy. That dangerous smell from February, I feel it coming back!
Warning: Those who are fully invested, heavily leveraged, holding spot or long positions, stay alert! This wave of Bitcoin's false breakout and pump-and-dump has been going on for a month, do you understand?
Money is fleeing! The entire market's funds are flowing out, market capitalization is plummeting, already falling below 3.3 trillion, is this signal not clear enough?
There are dangers ahead:
Tuesday: The Bank of Japan is making moves, if they raise interest rates, the market will definitely have to avoid it.
Thursday morning: The Federal Reserve is meeting, and there are still chaotic protests in the U.S. At 2:30, Powell will speak, hawkish or dovish? No one can say for sure, safety first, let's avoid the storm for now.
July 8th: Trump's 90-day interest rate pause is about to expire, the tariff bomb may explode again.
I predict: The market is likely to repeat the severe deep drop and washout from June, July, and August of last year! Want a recovery? I see it only happening when the interest rate cuts truly take effect in September. Right now, the situation is one word: Suspense!
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