In the past couple of days, Bitcoin's performance has been increasingly difficult to suppress. From chip structure to technical patterns, and evolving sentiments, everything is brewing for a breakthrough—only the "tariff crisis" needs to land completely. Once the negative factors are lifted, market sentiment is likely to experience a concentrated explosion, and it wouldn't be surprising to hit historical highs or even see a wave of accelerated increases.
When Musk and Trump show a little goodwill, Bitcoin has already unhesitatingly broken through 110,000, and even stabilized at this key point this afternoon. It can be said that the bulls are in high spirits, and the market is eager to confirm the signal of "the bull market continues."
Will there be a pullback in the short term? The possibility exists, but the space is more important.
The market's short-term rhythm will definitely not be all smooth sailing; adjustments are normal. After all, Bitcoin has risen several days from a low position, and short-term technical indicators are also in the overbought range, so a slight pullback is reasonable.
But rather than being entangled with "what will the next candlestick do," I am more concerned about the structural space of the entire bull market. At this stage, Bitcoin's price space is far from capped, especially against the backdrop of macro uncertainties being clarified one by one; the coin price is likely just pausing to build momentum, and the next phase of the market is worth looking forward to.
Many people are now struggling with the altcoins they hold; my advice has always been straightforward: if the coins in your hands keep you awake at night and make you unable to eat, then switch everything to Bitcoin.
Because every time the market fluctuates, the only thing that can truly provide a sense of security is not those unfounded coins, but Bitcoin, the anchor of consensus. It won't give you 10x or 20x returns, but it is one of the few assets in this market that can "weather the cycles."
The harsh reality of altcoins: highs are getting lower, and rebounds are becoming more deceptive.
This year, the overall performance of altcoins can be described as "tragic." Each rebound’s high point is lower than the last, forming a continuous "descending wedge" pattern. Bitcoin can stabilize around 100,000 to 110,000, but most altcoins are constantly hitting new lows.
The current script of the market is basically like this:
First, a drop of 80-90%,
then pull up 80-100% from the bottom,
making it look like it’s going to double and take off,
but when you open the monthly chart, you find it’s still a long way from the historical high.
You rush in and immediately get cut in half.
When Bitcoin drops by 1%, altcoins can drop by 20%; when Bitcoin hits a historical high, altcoin prices are even below the level when Bitcoin was at 60,000.
This is the reality: not all coins can soar in a bull market. The ones that can truly break through are those with real applications, real users, and deep market control. For example:
SUI: Has a clear on-chain narrative and major operations.
PEPE: Extremely strong community, with both hype and execution capabilities.
AAVE, UNI: The leading position in DeFi is stable, with income and valuation gradually recovering.
In recent days, their performance has clearly been stronger than the market average, which is also the underlying logic for my willingness to hold them long-term.
"The Great Beautiful Act" is about to take effect; the expansion of national debt may temporarily drain liquidity.
Tonight, the U.S. Congress will hold the final vote on the "Great Beautiful Act." The core content of this bill is very clear:
Budget cuts;
Cutting new energy subsidies (especially for electric vehicles);
While also raising the debt ceiling and preparing to issue bonds.
It is expected that the scale of bond issuance will be between 1.5 trillion and 2 trillion dollars. This will have a certain "blood-sucking effect" on short-term market liquidity—after all, as national debt interest rates rise, some conservative funds may shift to "risk-free arbitrage," especially large institutions.
However, this may not necessarily constitute a sustained pressure on the crypto market. Because:
The market's expectations for bond issuance have already been partially reflected in earlier consolidations.
The Fed has next rate cut expectations to support it; overall liquidity remains relatively loose.
Risk assets (like BTC) typically have the ability to withstand macro event shocks, especially when the "crisis is known."
The window for rate cuts is approaching, and the market is just waiting for confirmation signals.
The unexpected weakness in ADP employment data has led the market to speculate whether there will be an early rate cut in July. However, based on the current statements from the Fed, September remains the most likely time point for a rate cut.
The market’s attention has gradually shifted from "will there be a rate cut" to "when will it land." As long as the confirmation path is clear and there is no deep recession risk, the release of liquidity will form a positive support for risk assets.
The bottom line: Stabilizing is more important than anything else.
At this stage, most people's anxiety comes from choosing the wrong coins or having a too impulsive holding structure.
If you are feeling a lot of pressure in altcoins, you might as well switch to Bitcoin.
If you haven't entered the market yet, don't wait until the price soars before chasing it.
If you have already entered the market, as long as the direction is correct, time will reward you.
Bitcoin's new high may be coming this summer.
Don't be frightened away by momentary fluctuations, and don't miss the true eve of an explosion.