This wave of rebound is simply a "last supper" arranged by the market for bulls. As the expectation of interest rate cut in September approaches, market sentiment is like a pot of porridge that is gradually heating up. It seems to be full of fragrance in the short term, but it hides an elusive feeling in the long term. Once the Federal Reserve "waves" the banner of interest rate cut, the global asset bubble will be blown up like a balloon, and each one will swell to a dazzling degree.
The lion builds the bottom, this term that sounds domineering, is actually just an excuse for the market to "close the positive". After all, it is not you who has the final say in bottom-fishing, but the market "Big Brother" who sets the tone. Once the expectation of interest rate cut is digested completely, the market's upward momentum will melt quickly like ice cream in summer, and a new starting point for decline will be ushered in - a spiral staircase-like decline that will lead the bulls to the abyss step by step.
Look at those commodities, gold, crude oil, the prices are still "high above", just like a cat that has eaten its fill, lying there lazily, unwilling to move. As a result, big funds are naturally hesitant and unable to enter in large numbers, while short sellers have seized the opportunity to increase their forces and form an overwhelming advantage. What about bulls? It seems more and more like a desperate run, and more and more people are slowly surrendering, and finally heading towards the abyss of decline together.
So, the situation before us now is that the price has a 20% probability of going up and an 80% possibility of going down. Even if BTC rebounds, it will only be between 65,600 and 67,600. Are you still willing to bet on that 20% hope? If you think you are a lucky person, you are always welcome to join this "Lion Bottom Building" game, but you must be mentally prepared not to become the last one to escape from the bulls and cry to the sky for an exit.