$BTC previous analysis and prediction for the market is to go to 88000, or even lower, and there is a reason for this. Let me give you an example.
First: On February 3rd, it rose from 91230 to 102460. If this surge didn't trigger a short squeeze, then in the subsequent consolidation, shorts would basically operate back and forth to break even. Therefore, at this point, directly starting the February cycle's surge is meaningless, as there are no shorts trapped.
Second: The annual CPI is an important indicator of inflation. Powell's congressional hearing still maintains the previous interest rate policy, which is in contrast to Trump's willingness to lower rates. The annual CPI announcement will largely become a further pressure point from Trump on Powell's Federal Reserve.
Third: Overall indicator analysis shows a market decline.
Fourth: Each starting point in the monthly cycle will have a baiting trend for shorts, which will form a rising trend. Starting from the 85 black swan in 2024, every monthly cycle has been like this. Moreover, the market tends to change during some significant data releases.
Lastly, for spot traders, you must learn to sell high and buy low. In the current market, regardless of whether there is a bull market, the monthly cycle has a rising phase, and selling high and buying low is the safest operation mode. Besides BTC, even ETH and quality altcoins must be bottomed accurately. We can see that this year has seen a large range of fluctuations in BTC, while altcoins have fallen sharply but risen more slowly, so the accuracy of buying low in the spot market is crucial. I am also waiting!
