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Bitcoin rebounded after Trump announced the delay of tariff policy. The price broke $100,000 but encountered resistance at $102,000. Currently, the price is trying to hold support and the price can be closely watched. Then the trade war between the United States and China is ongoing and large fluctuations are expected.
As the market value of Bitcoin grows, the funds required also grow to maintain the expansion of the market value. Since the cycle low of Realized CAP of $400 billion in November 2022, Realized CAP has absorbed more than 450 billion in capital, totaling about $850 billion.
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Bitcoin fell to the support level and rebounded before testing the support again. Keep a close eye on the current price trend. If it falsely breaks and then quickly rebounds, it may indicate a temporary bottom. Otherwise, we will need to look for support further down.
The tariffs proposed by Trump pose a significant inflation risk, which may impact the Federal Reserve's plans to cut interest rates. Higher tariffs will lead to a surge in inflation rates, forcing the Federal Reserve to maintain a slow and cautious stance rather than actively lowering interest rates. This could be one of the reasons for the recent decline. $BTC
Others fear, I am greedy! #BTC completed TP2, eat! $BTC I've been traveling by car in Yunnan these days. By the way, today was really freaking scary 😱 How is everyone doing?
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Negative news led to a sharp decline, clearing out long positions, followed by a surge, releasing positive news. This has become a common tactic, and only retail investors get hurt; as long as leverage is involved, one cannot escape this market cycle.
The volatility of the big coin within a day is 10 points up and down, indicating the strength of this leverage-clearing phase. Although the market has seen a strong rally, the trend shows that the big coin has stalled around 101000.
History does not repeat itself, but there will be some similarities. Referring to the last time on January 13, after clearing leverage, there were two short doji candlesticks on the daily chart, and then it began a second exploration; the current trend is strikingly similar.
Three days later happens to be when the unemployment rate and non-farm payroll data will be released, so everyone needs to stay vigilant and not rush to bottom-fish. It's better to patiently wait until this week's turbulence passes before deciding on the next steps. After reducing our positions, we haven’t added back; if there’s an increase, we have chips to sell, and if there’s a second exploration, we have funds to buy back, which will allow us to navigate this market situation better.
This time of missing out, more of it is still the fear within. At first, I had no money in hand, and after getting the money, I was afraid of losses. Even though I know it's a 100% profit, I wanted to wait for a lower buying point. In fact, it already tested twice at 1 PM yesterday and also made a pullback at 10 PM. It's not a big deal, looking at the market, there will be multiple ups and downs. You guys should have made a profit, as I was the first to post about buying the dip.
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