Bitcoin regained $110,000 last night due to CPI data, but it was ruthlessly pushed down again due to the tense situation in the Middle East, and currently returned to the $108,000 range. It seems that the $110,000 resistance is quite strong, and without further positive stimuli, there will be short-term consumption again.
The long-term trend of Bitcoin has not yet completed; the real bull market will occur in the second half of the year. Currently, the interest rate cut in September is basically confirmed, and with the passing of the stablecoin legislation and Trump's grand legislation, the market will go crazy with FOMO at that time.
There is currently no significant possibility of a sharp drop in Bitcoin in the short term, unless there are uncontrollable negative factors at the policy level, such as a breakdown in China-U.S. talks or a real conflict in the Middle East. These are unpredictable; all we can say is that contract players should be aware of the risks, as short-term uncertainty is quite high.
Currently, the market is speculating around stablecoin-related sectors, with Aave, Kaia, and others performing strongly in recent days, along with the recently launched Resolv, all belonging to related sectors. These can be focused on in the future.
