#ETH #BTC The Dollar Index and the market capitalization of US stocks fell, while Bitcoin remained range-bound at high levels. Meanwhile, the market has already priced in the expectations of an interest rate hike by the Central Bank of Japan, which did not cause significant market volatility. Looking at the liquidation data, the battle between long and short positions in the market is intense, especially in the past 24 hours, with the scale of long position liquidation far exceeding that of short positions. Over 114,900 people suffered liquidation losses, highlighting the high market risk.

From the performance of Bitcoin, despite Trump's release of a series of bullish statements in the currency circle, such as using Bitcoin as a strategic reserve, the price of Bitcoin has not broken through a new high, only briefly surged to around $110,000 before falling back. This phenomenon indicates that the market may have entered an overbought state, with strong resistance above, and even major bullish news may find it difficult to push prices higher. This situation suggests that the market is 'overloaded', with long positions excessively crowded, and the market may adjust at any time to clear excessive long positions.
In this market environment, we need to be cautious and avoid blindly chasing highs. Although the long-term prospects of Bitcoin are still favored by some investors, the short-term market risks have significantly increased. Once the market sentiment shifts, it may trigger a sudden sell-off, followed by a price rebound. It is essential to manage risks well, closely monitor market dynamics, and avoid losses due to significant market fluctuations.