The market trend is inevitable, and there are no subjective factors.
The likelihood of the market going up and clearing is very high, eliminating short positions, followed by constant sideways testing; ultimately, it will decline.
Currently, the momentum is decreasing, and there is no hot money flowing into the market, leaving no excess funds to support an overall rise in the market.
The Federal Reserve has been delaying interest rate cuts, and it might not cut until the end of the year. In the short term, a rate cut means lower borrowing costs, leading to more borrowing, which provides liquidity to the market.
The possibility of Bitcoin retracing to 108 is quite high, which is favorable for the subsequent downward trend.