Last night before going to bed, BTC suddenly surged, seemingly due to the market anticipating interest rate cuts, but upon closer examination of the recent capital structure—there is no significant influx of new funds. It appears more like the main players quickly driving the price up based on news, testing the waters for a bullish sentiment.
At this time, many people start shouting "the bull is back." But I disagree.
From the perspective of retail investors, any increase indicates a bull market. However, from the perspective of the main players, that is far from enough: a truly significant market movement must be accompanied by sufficient turnover and deep accumulation. But now? Neither signal has appeared. So I will neither take a fully bullish stance nor rashly follow the trend.
Some ask: Is there a chance of a sudden positive development, causing the entire market to take off? I can only say—the possibility is almost zero. The essence of the crypto market is a battleground for main players and manipulators; without prior accumulation, they will never lift the retail investors' boats.
As for today's operations, my advice is just one sentence: control your desires and hold back your hands. If you must place an order—be sure to set a stop-loss. In terms of direction: I will still maintain a bearish outlook.
