First, the rise in BTC may not come from consensus. It may be that market makers have taken advantage of the emotional impact of the news.

Second, BTC is sucking blood, ETH is sucking blood, and altcoins are bleeding. This is because the amount of money in the market is limited. After all, the market is in a high interest rate environment.

Third, interest rates recover liquidity. High interest rates already recover liquidity at a high speed. Even if interest rate increases are stopped, the market is still not a market with sufficient hot money. There is another thing not to forget, the balance sheet shrinkage is still going on.

Therefore, a real bull market may still require some twists and turns.
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