5.8 Bitcoin Major Market Alert! Beware of the 'Sickle' Behind the Main Force

Attention all cryptocurrency friends! This market change is no joke; something big is about to happen! What happened in the market last night was like an intense 'war', with bad news pouring in, yet the price of Bitcoin (the big coin) remained exceptionally strong. On the surface, it looks calm, but in reality, the financial tug-of-war behind the scenes has reached a boiling point. This unusual situation definitely hides some major schemes!

Last night, Federal Reserve Chairman Powell's stance was very firm, stating directly, 'Absolutely no interest rate cuts.' This was like a cold shower for the bullish traders. Even Trump’s comments didn’t sway Powell at all; their standoff was reminiscent of a dramatic finale in a TV series. Strangely, even before the meeting began, the market had already reacted, with both sides fiercely battling it out. Suddenly, positive news from the chip industry emerged, adding fuel to the fire in the market.

But everyone must not be deceived by the illusion of the current price strength! Bitcoin's trend has reached a critical point. Looking at the daily chart, there have been three consecutive attempts to break through the high that have failed. This 'three-pin top' situation is very dangerous, indicating that the current rise is not a normal market trend. It is highly likely that the main force is deliberately driving up the price to attract retail investors, and then taking the opportunity to unload!

Stop fantasizing that Bitcoin can easily break through the high point. If it keeps failing to break through, then it is a 'trap' set by the main force! Everyone must stay alert and not blindly chase prices; otherwise, you may very well become a target for being harvested!