You can't fool cycles, and crypto moves like clockwork. Funny, but this market is still considered "unpredictable". As in previous times, the price of the election week will never be repeated, Bitcoin rustles the 100k mark, and the Chinese brother comes to the rescue.
🤔 What happened?
A Shanghai judge has ruled that BTC and other cryptocurrencies are legal for individuals, but bans commercial token issuance and investment. So soon, all exchanges will start registering users from the Middle Kingdom again.
💪 Influence
Let me remind you that it was the Chinese bans that did not allow the previous bull to fully open up and broke it off earlier than expected. Now China is starting to play for another team, albeit at half strength, but Bitcoin is approaching the 100k mark. An incredibly difficult threshold, but if it is broken...
Shorts are good fuel, only a lazy person wouldn't place a short from 99k+, so...
✏️ Mistakes happen
Those who expected it to be cheaper, despite all the solid arguments, were a little mistaken. However, there are still alts on the market that have not started their performance at all, for example TWT does not react at all yet, but it can fly very high.
🚀 You can still jump into the last carriage, but the train has already started moving.