BTC's upward trend is weakening, waiting for a drop! With interest rate cuts approaching, the market is currently digesting positive news; there are still macro data during the US trading hours today, but $BTC has already revealed its high volatility and high-risk attributes in the eyes of institutions. Currently, it relies entirely on one interest rate cut to support it, and there is no substantial positive news on the information front.

Analysis: From a technical perspective, BTC and ETH have shown signs of a W-bottom model among institutions, but according to the script of the previous two descending steps, it can still be a copy of the trend, without breaking through.

Personal position situation: For contracts, continue to hold short positions above 93K; I have already increased my position, betting on the continuation of the downward pressure towards the 80K mark; I am not entering long positions, nor engaging in spot trading. Due to the 2% plunge in the USDT exchange rate, it is currently the window period for increasing stablecoin holdings, which allows for arbitrage opportunities, but it is important to hold multiple currencies and allocate a portion of USDC to average out the risks of holding stablecoins. The stock price of Crcl has already hit bottom and rebounded, compliance is a major trend, and although Tether still has the largest market cap, there are still uncertainties in front of sovereign nations. Wishing good luck to everyone. 关注我，能暴富哦！