The market crash in early April was originally a result of the convergence of favorable factors; however, the tariffs triggered a risk-averse acceleration downward, dipping to around 74,000. With the suspension of tariffs leading to a slight easing, Bitcoin also experienced a big pump, rising by over 20,000 points in just about two weeks. To be honest, the magnitude of the increase far exceeded expectations.

The recent big pump is mainly driven by Trump leading the institutions. At this stage, institutions are still frantically buying to boost Bitcoin. Once the institutions leave the market or if there is a stimulating negative news event, Bitcoin will inevitably face a big dump. After all, this big pump has not experienced much of a correction, and the technical indicators show a divergence pattern while being in a high-level adjustment again.

As the Labor Day holiday approaches, the Bitcoin market has entered a high-level narrow range of fluctuations. What you thought was a pullback quickly surged up, and what you thought was a breakdown has instead faced pressure and retreated. At this stage, we are looking at the adjustment in the 93,000-95,700 range, and the strategy can maintain a high short and low long approach. #BTC