Technical aspect: Bitcoin just hit the top of 72000U on May 21st. Last time at this position, it fell from 72000U to 66000U in 3 days.

News aspect: Non-farm payroll data shined, with an increase of more than 270,000, which strengthened the Fed's determination to maintain high interest rates. Major institutions were scared to sell at a loss, resulting in a collective collapse of long positions.

Emotional aspect: Bitcoin rose from $57,000 to $72,000, and the confidence of the leeks returned. When it was low, they shouted that it was a scam and dared not buy it. When it was high, they chased the rise and shouted the blockchain revolution. Classic chasing the rise and killing the fall, the golden pit during the 4.13 crash, SOL rose 50%, ORDI doubled, and pepe rose 240%.

Fundamentals: Bitcoin has risen all the way to $73,000 since it passed the ETF, and has fluctuated for nearly 3 months. Although major institutions are accumulating, there are also many high-level smashes. The last big positive for the cryptocurrency market is the interest rate cut. With the upcoming summer vacation, European and American trading institutions will be in a mess. September to October in autumn may be the beginning of the next round of no-return rise.

Copycat side: Copycat coin season is here, MEME coins are flourishing, pepe, people, wif, etc. have doubled. The leeks no longer believe in institutional coins and have begun to have a collective consensus.

In addition, AI concept coins such as FET, AGIX, and WLD are about to merge, and are now violently washing the market to clean up the unsteady ones. Monster coin concepts such as TRB, FIL, ICP, EOS, etc., one concept coin is enough, and buying too much is useless. #美联储利率决策即将公布 $BTC