Today's Bitcoin and U.S. stocks are both in a soft state, waiting for a rebound opportunity.
The current financial market is permeated with the main theme of 'consolidation', with Bitcoin$BTC and U.S. stocks both caught in a directionless stalemate. Bitcoin experienced a dramatic drop from 86,000 to 60,000 at the beginning of the month, then rebounded strongly back to 70,000. Currently, it is trading in a range of 67,000 to 71,000. This is not merely a price stagnation, but rather a period of pain for market deleveraging: futures funding rates remain low, and although there have been sporadic buying activities since over $3 billion exited ETFs in January, institutions are no longer chasing higher prices, adopting a cautious stance of 'bullish but not buying' to price risks. On the technical front, the weekly RSI has fallen to an extreme oversold level of 15.9, a ten-year low, and historical experience suggests there is resilience at the lower levels, but it can only be seen as a corrective rebound until it stabilizes above 72,000.
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web1.0, making phone calls, checking text messages, shopping at the mall; web2.0, checking WeChat, scrolling through Douyin, shopping on Taobao; web3.0, having private keys, using DEX, browsing OpenSea……
What tools are you using? Facing the future, don't harbor illusions; the Qing Dynasty has fallen……
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May today begin with clarity and discipline. May we trade with patience, wisdom, and emotional control. May we manage risk responsibly and protect our capital. May we stay calm in volatility and humble in green days. May our decisions be thoughtful, not driven by fear or greed. Wishing everyone a steady and focused trading day.
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