Brothers, good evening, on the first day back, I seriously observed the macro data and trends. 96500 is a major resistance level, it feels like Bitcoin could break through the 100,000 mark at any time, but I think the breakthrough requires three conditions:
First: Economic data must be in "golden balance"; employment cannot be too hot, leading to interest rate hikes, nor too cold, causing a recession. The Federal Reserve loves to play this tightrope game.
Second: The White House cannot keep talking without action; they need to hold Bitcoin as reserves in real assets or issue official documents to implement it.
Third: The crypto community needs a new narrative to trigger a climax; we can't keep recycling old stories.
Additionally, this week is quite critical, as there are data releases almost every day:
Tuesday: 🇺🇸 Labor data released
Wednesday: 🇺🇸 GDP and PCE data released
Thursday: Bank of England interest rate decision
Friday: 🇺🇸 Non-farm payroll data released
We should only pay attention to Wednesday's PCE data and Friday's non-farm payroll data, as these two could potentially influence volatility.
Finally, at this moment, ETH is very cost-effective; this bull market hasn't shown its true colors yet. Is it brewing for a bigger trend? It's better to take action than to hesitate; just accumulate a large position.
