At present, on the macro level, investors have expected that there will be no interest rate cuts before the third quarter, but the same U.S. economy has temporarily gotten rid of the expectation of recession, and Circle's strength is actually sucking blood in the field of currency stocks, and it can be clearly seen that when $CRCL broke out, $Coin $MSTR were all falling, and yesterday CRCL began to fluctuate, and only then began to return some funds to currency stocks.
From half past four yesterday afternoon to half past five this morning, Bitcoin has broken through the 11w mark again for 13 hours in a row. It seems that it is all good for a while, so I will probably sort it out.
1. Extending the rebound in U.S. stocks last Friday, all three major stock indexes rebounded to new highs after the tariff war
2. The relationship between the two biggest crypto proponents has eased
3. Progress has been made in the China-US talks in London
4. Circle, the first share of stablecoin, continues to reach new highs, triggering crypto FOMO sentiment in U.S. stocks
5. The three major negatively correlated indices of U.S. Treasuries, U.S. dollars, and gold are all falling
Now it may not be very wise to shout short at this juncture, after all, it is only 2000 points from the previous high. Is it directly on the sea of stars, in fact, not necessarily, the trend of the pie has always been relatively regular, and it is greatly affected by the US stocks, if the US stocks do not come out of the new high, the pie does not need to break through so early. Or even if it is high before the break, it is a little higher than 111980, and the situation of rushing straight to 12w13w15w will probably not happen, and even from the structural point of view, it is still a continuation of the rebound of the right shoulder.
24
37.17K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.