The economic pressure on Bitcoin is increasing. Even Trump's assets have shrunk by 70%, so we can only wait for the shrinkage point.

1. In order to solve the inflation problem, the US Federal Reserve insists on strict monetary policy to control inflation

Federal Reserve Chairman Jerome Powell stressed the need to continue moving towards the 2% inflation target. The Fed's key indicator, the personal consumption expenditure (PCE) price index, has shown a downward trend, rising only 2.6% in the past year, compared with about 4% in the previous year. This slow progress suggests that interest rates may remain high for a long time, affecting the liquidity of financial markets and posing a challenge to high-risk assets such as Bitcoin.

2. As for miners, Brother Dao has mentioned since the halving that as long as the interest rate is cut, this round of miners' selling is inevitable. Don't underestimate it. Miners can be said to be the first major force in the currency circle!

The rising operating costs of Bitcoin miners force them to sell their holdings to make up for expenses. The miners' selling behavior further depressed the price of Bitcoin. As prices continue to fall, more miners may be forced to sell to maintain profitability, forming a cycle of increasing selling pressure.

3. After a big plunge yesterday, large institutions and whales began to get scared and shipped or transferred assets. The situation is not optimistic! ! !

In terms of data, the inflow of Bitcoin ETF (Exchange Traded Fund) has slowed down significantly.

At present, it is still bearish and not short. If you have already shorted yesterday, then congratulations. If you have not entered the market, just wait and see. The pullback is also the time for us to enter the market!

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