📊 BTCAT CHART 📊
New Demand < Profit-Taking, BTC Price Down?
Pic 1:Based on the market demand for BTC, the blue bars in the chart represent market demand, while the black line indicates the BTC price.
In early April, when the market rally began, demand surged dramatically, driving the price up continuously from $76k to $96k. Later, when Trump’s endorsement and the shift in the trade war turned positive, demand spiked again around June 5th, pushing BTC to a new all-time high of $110k.
Pic 2:Currently, demand is trending downward, and profit-taking volume across the market remains high, indicating significant selling pressure.
From a fundamental data perspective alone, this points to a bearish trend. But right now, market volatility hinges entirely on Trump and the upcoming FOMC meeting tomorrow.
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