Currently, #Bitcoin remains relatively weak in both the futures market and spot trends.

The rebound is limited, and the demand from bulls in the futures market has明显减弱.

At the same time, with slight increases in gold and U.S. Treasury prices, risk aversion is the dominant factor at the moment.

Due to the risk aversion towards U.S. Treasuries, the short-term demand for the dollar has increased, leading to a rise in the dollar index.

The feeling of worry still exists, and to clear the negative sentiment, we still have to wait for Mr. Powell's speech.

After the speech, if the negative sentiment clears in the short term, it could activate a large number of new buy orders, forming a downward spike on the K-line, which would mean that this week's negative sentiment is about to end.

If Mr. Powell's speech weakens the interest rate cut expectations, and the market begins to worry, with a lot of voices calling for 100,000 or even below 100,000, I am prepared to go long and buy some spot.

The image shows the CEM BTC price, with a premium of just over 100 points compared to the spot, indicating the cautious attitude of bulls in the futures market.