Attention‼️

Attention‼️
Attention‼️

The current macro environment is bearish because geopolitical tensions haven't eased, and oil prices are still high, continuously draining liquidity from the financial markets. The 30-year U.S. Treasury yield has exceeded 5%, and the Reserve Bank of Australia raised interest rates again today. The Japanese yen is also showing signs of movement, but on the other hand, short-term factors are not lacking in bullish signals. On one side, there is a clear legislative bill recently passed, providing positive support from regulators, plus the market structure is crowded with shorts, which means there is no shortage of fuel for upward movement. The current situation is most susceptible to a double whammy of bulls and bears. I don't think it can reverse northward at this moment, but in the short term, it still has the momentum to push higher. For most people, the best approach is to watch and not get involved; of course, if you believe you can handle it, you can try to trade accordingly. $BTC $ETH