#美联储政策与利率决策 The recent market trends have really been unpredictable. ETF inflows have indeed provided some support for Bitcoin, but the strength of this support doesn’t seem robust enough. On-chain data shows there is still considerable pressure, with one-third of the Bitcoin supply still at a loss—this is not an easy situation.

From a trading strategy perspective, now might be a good time to build positions in batches. Long-term holders and institutions are selectively increasing their holdings, while short-term holders are selling. Such divergence often breeds opportunity. However, caution is still necessary, especially since the Fed’s policy path remains unclear.

The latest inflation data hasn’t provided a clear direction, forcing the market to consider two possibilities at once. In this situation, I tend to adopt a more flexible copy trading strategy, possibly choosing traders who excel at short-term operations to deal with potential volatility. At the same time, I’ll keep a portion of funds on the sidelines, waiting for clearer signals.

Remember, in such an uncertain market environment, risk management is more important than chasing high returns. Stay alert and adjust your strategy at any time—this is the key to long-term survival in the market.