$BTC

Today, let's interpret Powell's speech. In summary: If it weren't for Trump imposing tariffs, the Federal Reserve would have cut rates a long time ago. The reason they aren't cutting now is due to the immense uncertainty; cautious in July, open in September. To sum it up simply, I want to cut, but someone has to take the blame.

The market is playing dead, and the situation with gold is even more absurd; even with gas canisters flying, there’s no rise, indicating that funds do not trust this wave of risk at all. It seems no one is willing to take on the risk because the money has already fled to the stock market and cryptocurrency.

Currently, it’s the futures market driving the rally, not the spot market selling off. The divergence between futures and spot is not a sign of a peak but rather a trap set by the manipulators to induce shorts. How many false breakouts leading to real liquidations have we seen in the past two months? This wave is aimed at the short liquidity at 108K and 110K.

If the price holds above the middle line, and does not break, the next stop is likely to be the liquidation at 108K, followed by a false pullback to attract new short positions before continuing up to clear 110K.

The only purpose of playing this way is to clean out the shorts before potentially entering a true oscillation and downtrend.

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