Bitcoin has accumulated a large amount of liquidity around 85,000, with predatory demand. Currently, the risk-reward ratio for shorting at this position is very poor, and of course, there’s no interest in going long.
In the short term, there is a high possibility of a false breakout followed by a drop below the trend line. Once this happens, it will be a long time before we see prices above 85,000 again.
Macro risks and uncertainties remain very high, with rising U.S. Treasury yields tightening global liquidity. An emergency rate cut could be the biggest risk in the future rather than a positive factor.
The Federal Reserve's monetary policy is often a “result” rather than a “cause.” When the “result” appears, it means the “cause” of the crisis has already arrived.
