The core driver for the future market trend lies in the expectation of interest rate cuts by the Federal Reserve, which is also key to the bull market. Even if the situation in the Middle East eases, its benefits are not enough to support a bull market. The true catalyst to ignite market enthusiasm and drive sustained increases can only be a clear signal of interest rate cuts from the Federal Reserve.

Powell's attitude determines the direction: If hawkish (no concessions): Lack of interest rate cut expectations means the market will at most maintain a fluctuation and face the risk of a pullback.

If dovish (concessions made): Establishing expectations for interest rate cuts would mean Bitcoin is likely to continue its upward trend, breaking through $110,000 and challenging new highs.

Current operational strategy: The current market situation is complex and difficult to navigate, with an unclear direction. Approach with caution, trade flexibly, and if there are no clear insights, prioritize observation to avoid rash entry. Strictly use a light position strategy.

The short-term direction is highly dependent on news, especially Trump's statements and Powell's remarks. Combine key news (especially Federal Reserve movements) with candlestick patterns for short-term operations. In the current environment, avoid "patterns" (i.e., avoid illusions of long-term holdings) and respond with a short-term mindset.