What will the future trend of Bitcoin be? Will it continue to break new highs or enter a downward correction mode? Understanding the underlying logic behind it will help you grasp the upcoming market trends.
1️⃣: From the news analysis, based on recent capital buying Bitcoin operations, the overall value of Bitcoin is certainly on the rise, and it is directly related to Trump as well. Their buying cost is around 100,000, indicating that Bitcoin at 100,000 still has considerable appreciation potential for them.
Whether the Federal Reserve will cut interest rates in June is also a very critical controlled factor. On the surface, it looks at inflation, non-farm payrolls, etc., but fundamentally, it revolves around U.S. debt issues and how to operate in line with the interests of the underlying capital. Simply put, it’s about how to ensure the dollar is better recognized globally. Clearly, on this issue, the U.S. does not have enough confidence to stand firm; the U.S. is in need of money, so a rate cut is very likely to come soon. It could very well be the spark that ignites the next major bull run.
2️⃣: From a technical analysis perspective, Bitcoin is currently in a high-level fluctuation market. Being neither up nor down does not conform to trading principles. The core trading logic is to only trade within your own trading system's market. If it hasn’t appeared, you can only wait; frequent, principle-less trading will ultimately lead to losses. Everyone understands the big principles, but those who can put knowledge into action are the true winners in trading!
Looking back at the past few years, it is very evident that blockchain technology has matured and is continuously being applied. In the past, blockchain was just a concept, gradually breaking through technical barriers to the various ecological applications we see today. Clearly, blockchain is ready to create a brand new world!
Currently, Bitcoin is in a high-level fluctuation market, with a high around 110,000 and a low around 106,000. Bitcoin that is not at a high or low is not suitable for trading; the signals for market changes appear at critical positions, and until they appear, patience is key.
