This wave of market movement can be described as a "feint attack" with a touch of aggressive assault!

Due to the CPI data performing more mildly than expected, market expectations for interest rate cuts instantly surged, and it seems like everyone’s pockets are about to have some extra cash. This surge of liquidity directly pushed BTC to a high of $69,000. Not only is the spot price rising, but the two crypto giants in the US stock market, Coinbase and MSTR, are also soaring violently, with impressive gains.

Looking at the bullish trend, it’s encouraging, but the meat grinder behind the scenes hasn’t stopped! Within 24 hours, $266 million in funds vanished into thin air, especially the shorts betting it wouldn’t go up, which were directly wiped out in this rebound. However, the market is actually quite conflicted now. Although prices are fluctuating at high levels, everyone is holding their breath, because if the price drops back to around $65,459, over a billion in long positions could face liquidation risks!

From the distribution of chips, this rebound isn’t very solidly founded. Analysts believe that the $72,000 to $80,000 range, which was expected to hold steady, actually failed to attract enough chips, resulting in a lack of strong support below.

If the price can’t break through the $70,000 mark in one go, it’s likely to retreat again. In the short term, the market feels more like dancing on a floating platform—any slight breeze or disturbance could cause it to fall back into its previous oscillation range!

Currently, BTC is like a vanguard that has just won a battle but hasn’t stabilized its position. Although there are many positive news, resistance above is strong, and support below is somewhat fragile. If you’re planning to enter now, don’t rush to go all-in. It’s better to wait for the right moment to do swing trading. Simply put, it’s not time to buy blindly now; you need to see if it can hold key levels during a pullback. When everyone regains confidence, that will be the real stability! This market movement can be described as a “feint attack” with a touch of aggressive assault!