Good morning, all friends in the cryptocurrency circle. Regarding today's bitcoin market, I have only one sentence: Get ready for the big bald positive line, and let the shorts fall completely! Now the market has basically achieved the right time, right place, and right people.
1. Right time: Judging from the recent news, good news is coming one after another!
The US CPI data in April was lower than expected, which was the lowest level since April 2021, making the market expect that the Federal Reserve will accelerate the pace of interest rate cuts in 2024, thereby further pushing up the price of bitcoin.
The Chicago Mercantile Exchange (CME) is in talks to launch Bitcoin trading! This year, everyone's goal is very clear, that is, to get bitcoin up, as the saying goes, many hands make light work!
2. Right place: The three major U.S. stock indexes have all hit record highs, various events have also entered a vacuum period, and bitcoin has also ushered in the best period of speculation!
3. Right people: This is the key. At present, the market is still very divergent, and even quite a few people have not yet boarded the train. This has laid a solid foundation for the rise, because the market always develops in divergence!
Ethereum (ETH) saw its biggest gain in 18 months last night, leading the rise in digital assets, due to speculation that ETFs were approved. At the same time, more and more people speculated that regulators' opposition to approving one or more exchange-traded funds (ETFs) that directly invest in the second-largest cryptocurrency is easing. Good guy, the shorts have fainted in the toilet again!
Lao Jiu made it clear that "the main force has worked hard for two months, not to ship, but to accelerate the breakthrough upwards." Look at the current trend, does the market give the same answer?
This week, as long as the big cake breaks through and stands firm at 70k, it will be smooth sailing! Of course, this is only our first goal. The second goal is to attack around 82k, and the third goal is to break through 100k!
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