#Strategy加仓BTC Recently, this rapid surge has flushed out many short-sellers, but the upward momentum has abruptly halted, and there is a lack of buying interest to continue the rally.

Looking at the recent technical indicators, Bitcoin started to weaken after reaching the 97,000 level. It's quite a paradoxical phenomenon—when the US stock market moves upward, Bitcoin doesn't respond; when US stocks plunge, Bitcoin gets pulled up. This disconnect in the market makes it hard to understand, as if the market is waiting for some signal.

Ethereum is following Bitcoin's lead and entering a sideways consolidation phase. Although there have been some positive fundamental news recently, these good news items have limited impact on the price. Things that are well-known tend to have the weakest pricing effect.

On-chain activity data within the Solana ecosystem has begun to pick up, which is a positive sign. However, the key is whether this can translate into a genuine increase in the price of the main token; ecosystem hype alone is not enough.

Macro-level developments are also worth noting. CME Group announced the launch of futures products for Cardano, Chainlink, and Stellar, indicating growing interest from traditional financial institutions in more blockchain assets, which could attract incremental capital. On the other hand, Federal Reserve official Bostic stated that due to inflation data remaining above target, it is necessary to maintain a tightening policy—this is not favorable for risk assets. BlackRock CEO, however, has a different view, believing that there is no so-called AI bubble and that there are sufficient reasons to cut interest rates. This perspective may help support market sentiment.

Under the interplay of multiple forces, it is unlikely that Bitcoin and mainstream cryptocurrencies will show strong directional movement in the short term, and we may need to wait for more robust fundamentals or policy catalysts.