The main reasons for the rise of Bitcoin are as follows:

1. According to historical experience, the market tends to experience large fluctuations about three months after the halving.

2. The US presidential election will be held on November 5 this year. In previous presidential elections, the cryptocurrency market has skyrocketed.

3. The US is expected to cut interest rates this year. Although it is not certain whether it will be in September or later, it is likely to be in September-November. The expectation of a rate cut will have a positive impact on the market.

4. June-July is the season for fan coins, and various sports games will also be held, which may lead to a wave of market gains.

5. The Federal Reserve's balance sheet has dropped from a peak of 2 trillion to about 486 billion at present. According to previous data, it is speculated that the rate cut came shortly after the balance sheet was stopped.

Combining the above factors, the end of May-June may be a good time to buy and build positions in batches, but it should be noted that market trends are affected by many factors. Therefore, you need to be cautious when investing and do a good job of position management. #山寨币热点