🔥🔥🔥Brothers, happy Dragon Boat Festival!
Recently, the pullback of #大饼 has really got everyone talking, is it a bear market knocking at the door or a rebound brewing? Today, Brother Guang will analyze it for everyone.
Core of the Pullback: Macro pressure is indeed a bit "topping"
1. Trade negotiations are stuck, old problems remain unresolved.
2. The tariff drama continues: judicial rulings flip-flopping, then thinking about other ways to raise taxes, leaving the market anxious.
3. The Fed's rate cuts are like opening a blind box: Powell keeps repeating "no rush", leaving the funds in suspense.
The "dual nature of Trump" in the crypto market, positive news is quietly outweighing the negative!
Negative side: tariffs are fierce like a tiger, indirectly freezing liquidity.
Raising taxes leads to soaring prices, putting pressure on US stocks, and bond yields are rising. But this hides a counter-logic —
Positive side: policy support + migration of funds, a double buff.
• Cryptocurrency policies are being implemented: the US stablecoin bill has passed, and states are also adding BTC to their strategic reserves, this attitude is clear enough.
• Funds are looking for new homes: fewer people are buying US bonds, some of the withdrawn money is going into gold, while another part is eyeing BTC!
Key signal: The pullback looks fierce, but the selling pressure is a bit "fake".
Looking at on-chain data: the volume of BTC flowing into exchanges is not much, indicating that people are not in a hurry to sell their coins. Moreover, the pullback just happens to hit the 30-day moving average, technically it's considered a "healthy squat".
Finally, key point:
If the Fed does not ease up on rate cuts, altcoins will temporarily struggle to rise. But this pullback of BTC is more like "washing and accumulating strength", so stay steady and avoid chaotic operations, just keep an eye on policies and fund flows.
Brother Guang suggests everyone do some short-term trading in the next few days, as the market is in a sideways fluctuation state, patiently wait for the market to move before acting. Finally, Brother Guang wishes everyone a happy Dragon Boat Festival holiday!
