Look at the 7 factors that Bitcoin continues to break upward!

1. Bitcoin liquidity has not seen a decline in the two-month consolidation. When liquidity has not seen a decline, the short-term market trend has not come to an end.

2. The average cost of mining for large and small miners is $55,000. Half of the miners' costs should float up by nearly 5%! The high cost and the increasing absorption of Bitcoin by the market will inevitably bring anxiety to miners.

3. After Wall Street intervened, the market is no longer as high as before. The cost of smashing the market at this price is greater than the cost of pulling the market. The past two months have told us that the cost price of short-sellers' continuous smashing is constantly increasing. Smashing the market also requires costs. There is only one way to smash the market with the continuous inflow of foreign funds. Short-sellers also need to fill in their positions, but this fluctuation of smashing the market is not enough to give them a lower price to fill in.

4. Looking at the recent 600 ETF buyers, these companies are not short of money. It is obvious that they are long-term holders (perhaps these companies really regard Bitcoin as a long-term reserve asset). The influence of these traditional companies and institutions after disclosing their holdings is far greater than the amount they purchased. This is also a very important reason for the recent continuous increase in ETF holdings. Spread the influence more widely.

5. After more than 3,400 days of the bull market in the US stock market, there are a lot of profit-taking concerns about the stock market today. Both retail investors and institutions need to find another outlet for capital transfer.

6. The interest rate cut is approaching. Although the Fed is very hawkish, the data is constantly sending interest rate cut expectations to the market. It is difficult to continue to maintain a high level. Although the interest rate hikes in the past were very targeted at us, we can see that we have our own financial system, plus unique policies. We will not choose to release water before the interest rate cut to give the Fed an opportunity to reap. We are even transferring the US Treasury bonds held by the small countries along the Belt and Road in the form of currency conversion. Many treasury bonds are lent in the name of RMB. The loans are the US dollar reserves held in hand, resulting in many small countries not needing to repay loans by increasing their holdings of US bonds, so raising and maintaining interest rates will only harm their own interests. At least the continuous interest rate hikes in the past have proved that there is no large economy like Japan and the Soviet Union in the last century that has gone bankrupt to absorb US inflation.#BTC走势分析 $ETH $BTC