The market is in a wait-and-see state, with patience becoming the key leverage for both bulls and bears.
The bulls' expectations are: The Federal Reserve's interest rate cuts will bring liquidity, continuous inflows into Bitcoin ETFs will provide support, and easing macro risks will improve market sentiment.
The bears rely on: Resurgent inflation forcing the Federal Reserve to adopt a hawkish stance, global economic recession signals dragging down risk assets, and unexpected risks erupting within the crypto market.
The stalemate is hard to break, and the oscillating pattern may continue. In the face of this taxing market, proactive adjustment is the best strategy—using this time to optimize the portfolio structure, carefully select and position value targets, in order to seize the initiative for the next round of market movements.