Although starting from Wednesday's CPI data, the articles have consistently mentioned that the U.S. economic crisis has not yet been resolved. Subsequently, either a black swan event or the second wave of the tariff war will trigger a rate cut. The current market does not yet have the foundation for a long bull run, but at the same time, there is hesitation about whether it will push forward like gold for a period, even if it won't go all the way up. However, upon closer consideration, Bitcoin's rise from 15 to 109 might already resemble a gold-like bulldozer move.
If this is the case, when the crisis erupts and causes systemic risks, even the price of gold might fall, let alone pseudo-gold. If this judgment is correct, then selling at the high point or accumulating low-leverage short positions at high levels might both be the right moves.
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