Why is this round considered Bitcoin's self-celebration?
Everyone should not panic; the real bull market has not yet begun, and altcoins have not broken their previous highs. Right now, it is merely BTC celebrating! Currently, BTC has broken through its previous high, but altcoins have yet to start, not even breaking their most basic previous highs! I believe that before the bull market begins, there may be a possibility of thousands of coins going to zero, followed by a concentration of funds to create a top-notch bull market, which will ultimately overturn all past bull markets. Why do I say this? Everyone should carefully consider one question: Did Trump and the U.S. go to great lengths to create and promote the cryptocurrency space just to harvest such a small amount of money? Just to eat up this tiny portion of BTC? Where is the real big profit? It lies in altcoins; altcoins are the best harvesting machine. This small amount of BTC is insignificant compared to the problems currently facing the U.S., like a drop in the bucket. The U.S. debt is frighteningly high, and June is once again the time to repay U.S. debt. Raising BTC is just to harvest a little bit of money to pay off the debt!
The signals of Bitcoin and Ethereum show opposite trends, while the dominance remains in a high negative range. The overall market performance is relatively chaotic, and the early morning atmosphere leans towards a higher possibility of continued decline.
Additionally, today is Sunday, when trading volume is usually low, making it difficult to expect a significant rebound or rise. For investors in spot positions, it is advisable to continue to observe.