Bitcoin BTC key points: Can it hold 60,000-63,000?
Trading is always a "risk-reward game", and if Bitcoin prices fail to reach an all-time high in June, too many ETH futures positions will face collateral risks. Since the SEC approved the 19 b-4 filing on May 23 (the S-1 filing is still pending), leveraged futures traders have been the main or even the only buyers. Their capital flows pushed Bitcoin back to the top of the range, and coupled with lower CPI data, the risk/reward ratio favors Bitcoin's breakthrough.
Lower inflation data, the US election, and the rebound in US stocks are non-crypto market catalysts that support Bitcoin's price increase later this year. But without more stablecoin minting, Bitcoin ETF inflows, and increased futures leverage or other liquidity (market structure) indicators, Bitcoin bulls may miss the opportunity to rise.
Every time the price fails to breakout or Bitcoin trades back below the all-time high of the previous cycle (68,300 USD as the dividing line), we need to redefine a horizontal line to manage the risk of the position.
Don't blindly believe those unfounded rhetoric, but trust the information reflected by the data. The current market situation is worrying from the fact that the number of market participants (including early holders, Bitcoin ETF buyers, miners, stablecoin issuers, etc.) has not increased significantly.
Therefore, everyone needs to decide their own risk tolerance. Combining risk management and data analysis, traders can "stay at the table". The market opens every day, which means we always have the next opportunity and the next cycle.
If you want to know the specific opportunities and specific decisions, check the top, you can get the position allocation strategy, teach you how to make money in the bull market and earn coins in the bear market
