Bitcoin is still far from its last high of $73,700.
It has been almost three months of adjustment.
Time and space are not far from a breakthrough! How much is the expected increase after this round of breakthrough?
Market institutions generally expect that the Federal Reserve will cut interest rates for the first time in September, which means there are only about three months left before the interest rate cut.
If you don’t make money in these three months, it will be difficult to make money this year!
There is a high probability that there will be an adjustment cycle after the interest rate cut, and the real rise or main uptrend may happen within these three months!
Currently, many coins are slowly climbing, waiting for the main uptrend stage.
Ethereum is currently in a sideways consolidation phase. It is difficult to fall below this position, and it will break through the high point in a few days. After breaking through the 4,000 point mark, it is expected to see the 4,800 high point first.
SOL, this wave of rebound is not as strong as the main rising wave in the first half of the year. The main reason is that the overdraft increase is too large and there is not enough time to digest it.
Bitcoin is now very close to breaking through its high point. After this breakthrough, it is expected to rise to more than 80,000 US dollars, which may be completed in June.
Canada started its interest rate cut cycle today, and the positive effects will continue to flow in.
The Bank of Canada cut interest rates by 25 basis points, becoming the first G7 central bank to initiate an easing cycle.
On Wednesday, Bank of Canada policymakers led by Governor Macklem cut their benchmark overnight rate to 4.75%, in line with market expectations. Officials said they were more confident that inflation would move toward their 2% target and said it was "reasonable to expect further rate cuts" if progress continued.
“There is further and more sustained evidence that inflation is easing and that monetary policy needs to be less tight,” Macklem said in prepared remarks.
After the Bank of Canada announced its interest rate decision, the USD/CAD exchange rate rose nearly 50 points in the short term, and the US dollar index jumped higher.
The short-term surge in sentiment towards the US dollar is within expectations, but the fundamentals for maintaining the dollar's high level in the long term are gradually weakening.
Other non-US assets will slowly enter a buffer period. As long as the US dollar releases liquidity, it will definitely be a big boon to Bitcoin.
There is a high probability that it will break 100,000 US dollars this year!
The Bitcoin ecosystem is still the main gainer in the past two days, with BB being the strongest leader, and it is dominating the list again today. The profit-making effect of other sectors is not obvious, and it will take time.
The weight sets the stage and the theme plays the show. As long as the trend of Bitcoin emerges, other themes will rotate.
The rotation of short-term funds is too fast, but the sustainability is not very good, so it is still quite difficult to do short-term trading.
For right-side trading, you should still choose sectors with good trends, such as artificial intelligence, Ethereum ecology, Bitcoin ecology and other main sectors.
Left-side trading means buying low and waiting for rotation.
