This is a cycle without bulls or bears

After a few months of decline, a wave of growth is the future market norm.

We are in a super cycle of Bitcoin, and the ultimate price of BTC should exceed $200,000, even $500,000!

However, this wave around $110,000 is the peak for this stage; my personal opinion remains unchanged!

Firstly, the easing of tariffs between China and the United States from $100,000 to $110,000 is a positive factor, which has emotional driving power.

Once the positive factors materialize, the market will slowly re-evaluate.

However, I currently do not see any major support points for a breakthrough to $120,000 or even $150,000 as many are saying.

Now let's talk about interest rate cuts:

1. The market generally expects that the Federal Reserve may start cutting interest rates in September 2025.

2. JPMorgan predicts it will be in June or July.

Firstly, June seems unlikely, as the market predicts the probability of an interest rate cut is only over 20%, and even if there is a cut, it will be at most 25 basis points.

I believe the probability of a rate cut in September is the highest.

I also looked at the Federal Reserve's meeting schedule; August is a period without meetings, which is quite interesting.

Whether it’s in July or September, Bitcoin's price will react in advance.

The current rise has partly included expectations of interest rate cuts.

So no matter if it’s a cut in July or September, October is a key point.

The market will naturally reach a bottom following the first interest rate cut in the second phase, and then gradually enter a new trend as the cuts continue.

The road is long and arduous; as we follow Bitcoin's progress, I hope everyone does not fall behind. Let’s just do it!