$BTC
At the Federal Reserve, officials are taking turns speaking out in favor of interest rate cuts. Trump is even harsher, directly warning the Fed to be sensible. However, the rate cuts from July to September are basically a certainty.
Speaking of Bitcoin, the key point now is 107K. The liquidity for shorts is almost being suffocated. If the sentiment is better tonight, there’s a high probability of a liquidation wave. After the liquidation, what’s next? Two possibilities:
First, a spike breaking above 107K, then reversing and dropping sharply. This wave might dive directly down, with a target around 102K, tricking the longs, while the main force sells off.
Second, not dropping, but instead oscillating upwards, aiming for high short positions around 112K~113K, the main force wants to push it to the limit, squeezing the shorts all the way.
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