Bitcoin trend reversal
After being suppressed by the 30-day moving average for a month, BTC (Bitcoin) finally ushered in a trend reversal: not only did the price break through the 30-day moving average in one fell swoop and rushed to 66k; but it also continued to rise, driving the 5-day moving average to rush above the 30-day moving average. This is the first time that the 5-day moving average has crossed the 30-day moving average since it crossed the 30-day moving average on April 14.
The driving force is that the US inflation data continues to slow down, which strengthens the Fed's easing expectations. "I will never regret my clothes getting looser, and I will be exhausted for her"! The Fed's clothes are getting looser, and Bitcoin is high and hard. No matter how wide the clothes are, they will not work if they are not hard. Bitcoin can work, in the final analysis, because it is hard enough.
It was said before that "BTC does not have the conditions for a long-term decline at present, and the shorts have already been drained. The shorts who are shorting at this position will pay a heavy price for their unwiseness. Their positions that have been wiped out will become the tribute to this round of bull market."
In addition, according to the official disclosure of the US regulatory agency SEC, the traditional financial "elephant" such as the Wisconsin Pension Fund has also entered the market to hold BlackRock's spot Bitcoin ETF. This is really surprising and shocking! BlackRock may be the only one who has the ability to persuade and help highly conservative and stable funds such as pension funds to act quickly and exit!
The next step for BlackRock is to let these stable funds that entered the market in the first batch see the effect of asset preservation and appreciation. After all, investment is like seeing a doctor, everyone "does not look at advertisements but looks at the efficacy"! If the effect is good, it will form a demonstration effect, which will help BlackRock to promote more major customers to follow suit and buy BlackRock's IBIT. And the rise of BTC will have the effect of accurately hitting the US dollar
There is a saying among retail investors in the stock market that "a long-term horizontal trend will inevitably fall." However, this sentence is not suitable for BTC. The reason for the fall is gravity. And BTC is gravity. 1 BTC is always equal to 1 BTC. The growth chart of BTC is actually the fall chart of the US dollar.
"From the perspective of BTC standard, BTC has never risen. 1 BTC is always 1 BTC. It's just that the number of BTC that can be exchanged for 1 US dollar is getting smaller and smaller, and the number of BTC that can be exchanged for 1 ounce of gold is also getting smaller and smaller."
"What is different about this cycle is that it has already entered the "belief-rejection" stage before the halving. This is a moment that tests people's hearts." "After the production is halved and before the bull market takes off, every callback is getting closer and closer to the "last chance to get on the train." "Only those who are not afraid to implement the eight-character formula of "adding positions when the market falls" are qualified to hold positions through the bull and bear markets and enjoy the fruits of victory in the bull market surge."
BTC reversed strongly and stood on the 30-day moving average again. In just one month, it seemed to have changed the world. How many people regretted it, how many people were sad and angry? How many people showed their fierceness, how many people destroyed the flowers? How many people left sadly, how many people are still eating melons? How many people strolled in the garden, how many people were flawless?
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