$BTC Hello brothers, the market is really at hellish difficulty, continuous drop in contracts has led to a wave of liquidation.
The reasons are clear, AI stocks in the US market were brought down by Oracle, compounded by the possibility of the Bank of Japan raising interest rates this week, leading to heightened risk aversion, and the cryptocurrency market is following with a correction.
The judgment for the future remains unchanged: a fluctuation of 1–2 months, only then will BTC have a chance to reach new highs. The core variable still lies with Huang Mao; we are waiting for Powell to step down, the policy to shift, and once the interest rate reduction cycle begins, that will be the real main upward wave.
In the short term, inflation remains a resistance, but with the midterm elections coming next year, controlling inflation and lowering prices are the must-choose options; the decline in interest rates is just a matter of time.
The current market is quite grinding, no need to rush:
Buy on the dip, not on the rise, dollar-cost average on pullbacks, don’t chase rebounds. BTC needs to hold above 94000 for more than two days for a big move to come; follow my arrangements for the wave rhythm.
