Is the current decline of Bitcoin really due to the so-called "geopolitical factors"?

Recently, I have been saying that Bitcoin currently has no independent narrative to hype, so the available narrative in the future is the issue of the Fed's interest rate cut, which is the same as the US stock market, so the current fluctuation of Bitcoin may follow the trend of the US stock market.

The US stock market is currently in decline. Before the key Meta of the technology stock earnings report this week was announced, the US stock market began to fall slightly. The decline of the US stock market this time is not due to "geopolitical" factors. After experiencing the impact of geopolitical factors last time, the risk market has a certain immunity to geopolitical factors, unless the situation is directly upgraded to S3 or the probability of S3 is very high.

The current decline of the US stock market is because Wall Street is preparing to sell a large number of treasury bonds, and the most important negative impact of such treasury bond sales is that interest rates will rise again and the stock market will suffer setbacks. So this is a factor in the decline of the US stock market, and it also indirectly drives the short-term decline in the price of Bitcoin.

The current 10-year US Treasury yield has increased by 1.18% in a single day, and is currently 4.653%.

However, this week is the earnings week, and Tesla's earnings report on Tuesday is still good. I believe that Mate's performance will not be too bad. The US stock market should rebound at the end of the trading session. Of course, if the Mate earnings report is not as expected, that's another story.

Sometimes you can say that there is no reason for the rise and fall of the market, but you can't make random excuses, otherwise it is easy to create self-spiritual internal consumption. People lose their calm judgment.

#大盘走势