$BTC

The upcoming script: Plunge, liquidation, bottom fishing?

After the black swan of the pandemic in 2020, Bitcoin surged 300% in half a year.

Will history repeat itself, or will a new script emerge?

This week, pay attention to three key signals: whether Iran will retaliate, the direction of the Federal Reserve's July interest rate meeting, and whether Bitcoin can hold the $98,000 support line.

I posted in the middle of the month saying it was a trap to lure in buyers, cautiously chasing the highs, and I was scolded harshly. The big drop, though late, has arrived. I wonder how those who laughed at me are doing now.

As long as Bitcoin holds the key support level of $100,000, and if the Federal Reserve releases signals of further easing, funds could flow back at any time;

However, there are differing views. If geopolitical conflicts continue to escalate, cryptocurrencies, as high-risk assets, may become “startled birds.”

But there are more conspiracy theories about “the main force using war to wash out positions and accumulate at low prices.”

Yet when retail investors are frantically selling, the whales are operating against the trend! Data shows that a certain mysterious big shot has spent nearly $500 million on Ethereum since June 11, even accumulating more despite a floating loss of $40 million.