The price of Bitcoin has recently surged strongly, causing the market to boil once again. Observing today's Bitcoin price chart is indeed astonishing. Bull traders must be overjoyed at this moment.

However, what is worth pondering in this round of rising market is that although technical indicators like MACD have formed a golden cross signal, the trading volume has not increased synchronously. Does this phenomenon of price rise and volume shrink suggest a possible trap for attracting buyers?

Historical data shows that Bitcoin often exhibits increased volatility around halving cycles: it first significantly rises to attract attention, followed by potential adjustments or even pullbacks. Investors frequently waver between chasing high prices and panic selling.

However, the current market environment does have its differences. The expectations for interest rate cuts by the Federal Reserve are rising, which may bring new liquidity to the digital asset market. Funds from the traditional finance sector are looking for opportunities to enter the crypto market; does this signal the arrival of a substantial bull market?

The cryptocurrency market is essentially a reflection of human nature. The extreme volatility of Bitcoin prices often reveals the greed and fear psychology of market participants.

It is worth noting that when the general public starts discussing fully investing in Bitcoin, it may actually be a signal to exercise caution.