Speaking about the current view, I don't think Bitcoin will experience a significant correction; on the contrary, a breakout is right around the corner. For various reasons, let me provide some encouragement for the bulls. First, from the daily chart perspective, we see a classic case of sideways movement replacing a drop, using consolidation to digest selling pressure. Second, Buffett's changes in holdings and the selling off of bank stocks—what does this indicate? Everyone should think about it; I believe it signals an impending interest rate cut. Following that is China's reduction in holdings of US Treasuries, which is also a signal for interest rate cuts. Therefore, this stage is the eve of takeoff; those who are truly shorting the market are not thinking clearly. Are we just playing with the weekly golden cross? Keep it up, brothers; the turnaround is this year $BTC .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.