Everyone may have overlooked a historical pattern, which is: Bitcoin often breaks its all-time high within three months after gold continues to hit new highs.

Recently, Bitcoin's decline is mainly caused by market uncertainty and sentiment. Bitcoin reacts first, followed by the US stock market. It depends on whether the people behind the scenes will use this to attract US stock funds into the crypto space. I think, most likely yes, so the short-term decline is not a big deal. Currently, analysts in the market are saying that this drop to 9.19 is due to Trump's tariffs and European retaliations. I personally don't think so; I believe it's because: the bulls have accumulated too much, which is a typical bear trap before a rally. The sudden drop at 6 a.m., with no trading volume, is a bit suspicious. The overall direction will still move upward, but that doesn't mean it won't dip down to shake out the bulls.
Everyone also overlooks one of the biggest whales in Bitcoin: exchanges. You should be able to feel that gold and US stocks have already risen significantly, yet there hasn't been a proper correction. If gold and US stocks stop moving up, how can the people behind the crypto market attract funds from gold and stock markets? The answer is: manipulation. The best time to attract funds from these two markets is during a sideways phase when the bull market stalls, combined with positive market sentiment to push it further.
In the crypto world, trading shouldn't just be based on technical analysis or news; even if you look at those, it’s better to think contrarily. Here are two more reliable indicators: 1. Fear and Greed Index and liquidation data. The lower the Fear and Greed Index approaches 20, the more you should buy; the higher it approaches 80, the more you should sell. 2. The side with larger liquidation amounts tends to move in that direction. For example, if the price drops below 90,000 and liquidations reach 800 million USD, and if it rises to 95,000 with 2 billion USD in liquidations, it’s likely to go towards that 2 billion. But it might first dip to trigger the 800 million liquidation and then go for the 2 billion, trapping both bulls and bears.
In the crypto space, what everyone should focus on more is the underlying logic. If the biggest whales in Bitcoin are exchanges, then they can use unlimited USDT to manipulate the market and attract gold and stock market funds into crypto.
Actually, on a larger scale: the competitors behind gold and stocks are the exchanges in the crypto space. Do you believe that the operators of crypto exchanges can win? #现货金银同创新高