It is simply a "last supper" arranged by the market for the bulls.
As the expected rate cut in September approaches, market sentiment is like a pot of porridge that is gradually heating up. In the short term, it seems to be full of fragrance, but in the long term, it hides an elusive and ethereal feeling. Once the Federal Reserve "waves" the banner of rate cuts, global asset bubbles will be blown up like balloons, and each one will expand to a dazzling size.
The lion is building the bottom. This term, which sounds very domineering, is actually just an excuse the market finds for itself to "close with a positive sign".
After all, it is not you who decides whether to buy at the bottom, but the market "Big Brother" who sets the tone. Once the expectation of interest rate cuts is fully digested, the market's upward momentum will quickly melt like summer ice cream, and a new starting point for decline will be ushered in - a spiral staircase-like decline that will lead the bulls step by step into the abyss.
Look at those commodities, gold, crude oil, the prices are still "high", just like a well-fed cat, lying there lazily, unwilling to move.
As a result, large funds are naturally hesitant and unable to enter in large numbers, while short sellers seize the opportunity, increase their forces and form an overwhelming advantage. What about long sellers? It seems more and more like a desperate run, and more and more people surrender slowly, and finally fall into the abyss together.
Therefore, the situation before us now is that the price has a 20% probability of going up and an 80% probability of going down. Even if BTC rebounds further, it will only be between 65,600 and 67,600.
Are you still willing to bet on that 20% hope? If you are willing, you must have a good retreat and stop loss. 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. #BTC☀
