The 4-hour candlestick chart of Bitcoin shows ma7 > ma25 > ma200 > ma99, indicating a technical correction or a golden cross expectation, which makes shorting risky.
A major reason for this crisis of faith is that the crypto industry has finally obtained everything it once desired. Bitcoin President √ Friendly SEC √ Wall Street ETF √ Each cyclical surge stems from the anticipation of these milestones. Nowadays, the 'forbidden fruit' can be easily purchased in every brokerage account, yet there is no major story to drive the price. The challenger's narrative has been replaced by reality: the presidential family holds a crypto conference in the golden banquet hall of Mar-a-Lago, where politicians issue their own Meme coins—it's no longer an underground asset. Ironically, when real gold and silver have repeatedly set historical highs this year as the stock market continues to rise, geopolitical risks have significantly increased, and inflation remains high and uncontrolled, Bitcoin has failed to deliver on everything it promised.
BTC has broken through the previous high. From the historical data, there is no pressure point below 72,000. There is a chance to go up and touch 72,000. Personal judgment, risk at your own risk.
Our dear Oxford brother knows how to operate in order to gain some followers. Is this what your supervisor taught you? Not allowing people with different opinions to comment? Hahahahaha, I can't hold it anymore.
I took advantage of the interest rate cut expectation and invested in US stocks for two days, earning more than $120. BTC is still fluctuating, which is really a bit useless.