Yesterday was driven by positive news; today is momentum carried forward. This wave of a second acceleration, $BTC , has already been delivered. #BTC突破7万大关
Many people think that yesterday’s move from 64,000 to 70,000 was only due to a catalyst in the news, but today it can still push higher—meaning the market is no longer just a simple “news-driven”行情.
After breaking through a key level yesterday, a large number of short sellers were forced to stop out and exit. Today, price continues rising and has triggered another batch of short-covering. Shorts keep buying back—ironically turning into fuel for the rally.
Meanwhile, liquidity expectations driven by the Ministry of Finance’s share buyback are still fermenting, and the market’s risk appetite is clearly recovering.
After the 70,000 psychological round-number level was breached, it also attracted more breakout-chasing funds and algorithmic funds to further follow.
So the rhythm of this upswing is very clear: yesterday it was ignited by news, and today it accelerates through the squeeze of shorts.
But the higher it goes, the greater the profit-taking pressure. After a big surge in the short term, a consolidation period is completely normal—don’t just see the rise and blindly chase.
The most comfortable moment in a strong trend is riding the momentum and eating the trend; the most dangerous moment is when emotions run hot and you chase the last baton. $ETH $SOL
#FOMC会议纪要 #美政府商讨扩大比特币持仓
Many people think that yesterday’s move from 64,000 to 70,000 was only due to a catalyst in the news, but today it can still push higher—meaning the market is no longer just a simple “news-driven”行情.
After breaking through a key level yesterday, a large number of short sellers were forced to stop out and exit. Today, price continues rising and has triggered another batch of short-covering. Shorts keep buying back—ironically turning into fuel for the rally.
Meanwhile, liquidity expectations driven by the Ministry of Finance’s share buyback are still fermenting, and the market’s risk appetite is clearly recovering.
After the 70,000 psychological round-number level was breached, it also attracted more breakout-chasing funds and algorithmic funds to further follow.
So the rhythm of this upswing is very clear: yesterday it was ignited by news, and today it accelerates through the squeeze of shorts.
But the higher it goes, the greater the profit-taking pressure. After a big surge in the short term, a consolidation period is completely normal—don’t just see the rise and blindly chase.
The most comfortable moment in a strong trend is riding the momentum and eating the trend; the most dangerous moment is when emotions run hot and you chase the last baton. $ETH $SOL
#FOMC会议纪要 #美政府商讨扩大比特币持仓