$85 billion wiped out, BTC falls back to 77K, and ETH breaks above 2400. It’s the same story again—US-Iran tensions. Every time, it’s the same script.
But what’s different this time is that gold and BTC are both dropping. The “hard assets” narrative is being slapped in the face; the market is trading inflation expectations, not safe-haven demand.
Once oil prices surge, interest rates can’t come down. That’s the real thing BTC is afraid of.
#BTC #ETH $42.4 billion sounds quite impressive, but on the Federal Reserve’s balance sheet, it’s actually just a small portion.
What’s really interesting is that this year, the Fed has been “drip-feeding” liquidity to the market through regular bond purchases and repo operations.
Just in the past week alone, it injected several tens of billions through various channels.
This is what you should pay attention to—the direction is shifting, and liquidity is gradually turning more accommodative.
Price gets hammered at the start of the month and pulled up by the end—this script is just too smooth. I don’t think it will necessarily play out this way.
A VIX move to 25–30 is possible, but the timing of the pullback may not be at the end of the month. Liquidity in the market is worse than it was in the past few months, so the repair/adjustment cycle could take longer.
I’m going to be more cautious. I won’t rush to go all-in at the beginning of the month. I’d rather be half a step late than bet on the exact timing of a rebound.
The golden cross is definitely coming—I don’t deny that it’s a historically effective signal. But there’s one detail that many people don’t mention: in past cases, the golden cross has usually appeared after the price has already bounced up quite a bit from the bottom. This time is the same too—BTC rose from 62K to 81K, and the golden cross only arrived late. The signal is real, but the best entry point may already be gone. I’m more inclined to wait for a pullback and confirmation before taking action, rather than chasing this golden cross itself.
There is indeed a “breakthrough” occurring, and the bears have reasons as well. But I’m not that pessimistic.
It didn’t get through three times—that’s true, but it doesn’t mean it has to be driven straight down to 48K. There is also a consolidation zone in between; it won’t just fall freely all the way down.
I tend to first watch how it performs around 64K. We’ll deal with what comes next once we get there.
#BTC #ETH Just smashed through a round—BTC broke 77K, and ETH broke 2400. And right on time, the US and Iran started clashing. The timing is just too perfect.
In one hour it cleared over 100 million—mostly longs chasing. Leverage: if you’re right, you feast; if you’re wrong, you get swept away in one wave.
A sharp drop usually comes quickly and goes quickly too—the key is whether 77K can be reclaimed.