Key points to pay attention to in the future market trends:
Currently, the most notable focus is the final outcome of Microsoft's investment plan for Bitcoin on the 10th-11th. If this plan is successfully passed, it is foreseeable that this influx of investment will undoubtedly help Bitcoin firmly stand above the $100,000 price level, which will undoubtedly become a key factor influencing the future market direction.
However, if the plan fails to pass, the impact will only create a minor negative sentiment and will not significantly impact the market situation.
It is worth mentioning that there are already successful precedents in the market, such as MicroStrategy's investment in Bitcoin, which has been successful. Given this, Microsoft's investment plan is highly likely to be passed smoothly.
Secondly, this week Powell will give a speech. Looking back, Powell's speeches have always been like a "dimensionality reduction attack" for the crypto space. However, during the last speech, Powell explicitly stated that Bitcoin's competition is not with the dollar, but with gold. This statement may also bring different variables to the future market trends in the crypto space.
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