BTC is currently in a stalemate at 72000. The highest point on Wednesday was 71777, and on Thursday it was 71666. After consolidating at the upper level, there were two attempts to break through 72000, but both lacked energy and fell back. In addition, BTC is facing a historic short squeeze situation. It can be seen that there are massive liquidation orders at the 72000 level. Once it breaks through, it will inevitably trigger a chain reaction of mainstream liquidations.

BTC daily line small yin line, currently has not engulfed yesterday's small yang. But it's normal to have a small yin after five straight yang. Looking at the 4️⃣-hour level, BTC quickly recovers after a false break of the midline, although it has not temporarily broken through 72000, the short-term direction remains bullish, and after three days of pump, the candlestick has moved away from the downside moving average. Now we can see the market, in the early morning, the shorts launched a surprise attack, BTC fell to around 70100, Ether fell back to around 3760, and short positions continued to dominate the morning, focusing on the important resistance near 72000, and then looking at the historical high, looking forward to the strong support of the data!
BTC70500+，follow71800
ETH is over 3800, follow 3850
Recently, there has been a continuous stream of favorable information. The Central Bank of Canada recently announced a 25 basis point interest rate cut. Following Japan's and Canada's rate cuts, the European Central Bank is expected to announce a rate cut today. After the EU's rate cut, the next one will be the United States. Combining the Fed's dot plot and previous statements, the US is expected to implement 1 to 2 rate cuts this year, starting in September or later. This is a significant positive development for Bitcoin, which can attract some capital inflow into the crypto world and help drive Bitcoin to higher levels!
Currently, the rate cut in the United States is a certainty. Combined with the halving bull market cycle of BTC, it is crucial to invest on dips. Every fall in the bull market is an opportunity to make money, although it goes against human nature because most people are panicking and eager to get out of positions, cutting loss as stop loss. Here is a trick: even the bloodiest fall in the bull market is temporary and will bounce back. It will rise back the same way it fell, then set new highs, pull back, move sideways, rebound, set new highs again in several cycles, and each pullback is an opportunity!