Bitcoin is on a roller coaster again! Do you understand this wave of operations?
Trump's "probation" has the currency circle going crazy
Family members, the recent trend of Bitcoin is faster than the face-changing of Sichuan Opera! Let's talk about the most exciting thing first - Trump suddenly announced that the 50% tariff stick on the European Union would be extended to July, and the market went crazy! Bitcoin soared from 106,000 dollars to 109,000, almost touching the 110,000 mark. But don't be too happy too early, this tariff is just a "probation" and not cancelled, and there may be a big thunder in July!
1. Gamblers are playing with fire!
The futures market is crazy now! 75 billion US dollars of open contracts are piled up, and the financing rate is soaring like a rocket. To put it bluntly, a group of people borrow money and leverage to bet on the rise, just like the gamblers in the casino who bet big. But a few days ago, there was a bloody history of 120,000 people's positions being blown up. This kind of play will sooner or later go wrong!
2. The giant whales are secretly buying up!
The boss of MicroStrategy suddenly tweeted: "I only buy Bitcoin with money I can afford to lose." This sounds like chicken soup, but he has already hoarded 500,000 Bitcoins, worth more than 50 billion US dollars! Once this giant whale moves, the market will definitely shake. Now that he is saying this, it is clear that he wants to continue to buy at the bottom!
3. Data flashes red light: It's time to brake!
Bitcoin has risen for 7 consecutive weeks. This situation has only occurred 3 times in the past 8 years, and each time it rises for 7-8 weeks, there is a 70% probability of a correction. It's like running a marathon and hitting the wall at 30 kilometers. No matter how hard you run, you have to take a breath. But in the long run, it is likely to set a new high in half a year to a year.
3. What should I do now?
In the short term: Trump has injected stimulants into the market, and the giant whales may increase their positions. It is not surprising that Bitcoin has reached 110,000. But after 7 consecutive weeks of rising, it may brake at any time. Chasing high now is like catching a flying knife with bare hands, which is exciting but dangerous!
In the long run: Institutional funds continue to enter the market, supervision is gradually becoming clearer, and the general trend is still upward. But remember! This market is good for all kinds of dissatisfaction. Don't be carried away by FOMO emotions. Controlling positions is the kingly way!
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