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Bitcoin is rallying again because of Vance's remarks!
It’s clear that the U.S. has softened noticeably; now Trump has found an assistant to draw the K-line. Bitcoin has broken through the previous high and is heading towards 750 and 760.
The support level below has risen to around 717-720.
Let's observe first to see if Bitcoin can hold steady at 740. If it confirms support there, it might push toward 760, but I personally think the probability is low.
If it really pushes up to 760 to 788, then the bull market will truly begin. I don’t think a bull market will start now; the overall economic environment doesn’t support it. The U.S. economy is weak, Wall Street’s risks might explode, and factors like U.S. debt and the Federal Reserve’s hawkish stance all point to the unlikelihood of a bull market starting.
Today I will mainly observe, with less action and more watching.