We still focus on whether Bitcoin can break through the key price of 65,000. Given the current low exchange rate of Ethereum relative to Bitcoin, it may be more cost-effective to participate in long trades on Ethereum. Once Bitcoin successfully reaches 65,000, Ethereum and other altcoins are expected to usher in a new round of rise.
Yesterday's short-term market fluctuations have settled, and the Japanese yen interest rate remains unchanged. After Bitcoin traded sideways near 62,700 points all morning, as the news became clear, the price quickly rose to near 64,200 points, and the bullish power in the entire market Fully activated, market liquidity has been significantly improved. From a cyclical perspective, the logic that the bull market's relay phase is about to unfold is tenable. However, judging from the actual situation of increased liquidity, the market does not yet have the conditions for a direct reversal in the short term.
The effects of interest rate cuts will not be achieved overnight, nor will the bull market end in one day. If 52,400 points becomes an important bottom for this round of market conditions, then in the future, Bitcoin’s callback to below 60,000 points will be a more solid accumulation process. Rapidly rising markets often encounter violent fluctuations at the top, while rhythmic step-by-step rises can provide stronger impetus for subsequent markets.
From a macro perspective, positive signals have emerged in the capital flow of OTC ETFs. The overnight net inflow of the Bitcoin spot ETF was as high as 158 million U.S. dollars. The Ethereum spot ETF also rarely achieved a net inflow of funds. Although the amount was only 5.25 million U.S. dollars, Its symbolic significance is far greater than its actual value, indicating that market sentiment is brewing.
In addition, the recent craze for the listing of new coins on an exchange has continued, and it is not uncommon for small market capitalization coins to rise by as much as 50% within a day, indicating that the active period of some altcoins has arrived. However, in this artificially created violent atmosphere, it is particularly important to have a clear understanding of the actual market situation. Before overall liquidity improves, blindly chasing the short-term burst of altcoins may cause people to get stuck at high prices in advance. Therefore, keeping the chips in hand stable and not being confused by short-term fluctuations is the way to win in the current market.
