The Bitcoin (BTC) market has recently shown significant Fluctuation, breaking through the pump trend line this morning, with a minimum touching around 114900 USD. This trend indicates that the market may enter a pullback phase.

The recent high of $124,500 may become a peak in the short term, or even in the coming months or years. In the foreseeable future, the possibility of BTC breaking through $130,000 seems low.

It is worth noting that market trends are often not determined by a single factor. Many investors overly focus on macro factors such as interest rate cuts, but this information is often already priced in by the market. In fact, information that mainstream investors are generally aware of is likely already reflected in market prices.

The cryptocurrency market, as a relatively new market, is overall a zero-sum game. Profit for one group of investors means losses for another group of investors. Therefore, excessive reliance on surface information can mislead investment decisions. The intrinsic dynamics of the market are the key factors that determine the trend.

Looking ahead, BTC may encounter resistance around $117,000, after which it could continue to decline. In the short term, we might see BTC test $110,000, or even further dip to around $108,000.

In this market environment, investors should remain vigilant and closely monitor market trends, rather than blindly following short-term fluctuations or unverified market rumors.