In the past 48 hours, the crypto market has favored Bitcoin, hitting new highs:

✅ The China-US trade agreement has been finalized (Trump personally announced significant progress)

✅ CPI may slow down, and the market anticipates a rate cut in July

✅ Geopolitical tensions have eased, with both India-Pakistan and Russia-Ukraine expressing willingness for a ceasefire

BTC briefly surpassed 104K, just a step away from the historical high of 109K

ETH surged by 39% in a single week, while DOGE and ADA also saw explosive growth, with altcoins blooming across the board

1. BlackRock ETF has seen net inflows for 20 consecutive days, capital is entering the market

2. BTC IV remains at 50%-55%, without FOMO overheating, the market may just be starting

3. Currently, there isn't much speculation in the market, with main positions still held, and risks are controllable

If CPI slows down as expected, BTC is likely to break through 110K directly

On the contrary, even if CPI is high, as long as ETF and rate cut expectations persist, BTC may still stabilize the situation

The market has truly shifted towards a structural bull market, with external macro and internal capital momentum resonating together.

The next opportunity may be the rotation of on-chain assets, especially undervalued large-cap altcoins.