BTC is just one step away from a new high. Look at two data:
BTC's contract for delivery at the end of September has less than 7 months left, and there are currently 12The premium range of 86% has exceeded 22% on an annualized basis. This premium is only visible to me at the top in 2017 and late 2021. Around February 20th, this premium was 8%, then rose to 9% by the end of February, and in recent days it has rapid** to 1286%, corresponding to the annualized arbitrage space. 4% and 22%. This shows that since the beginning of March, a large amount of money has entered, which has rapidly pushed up the premium of forward contracts
There are two ways to interpret this data:1.Spot Angle:Because of the existence of forward arbitrage space, it will stimulate the demand for spot purchases. That is, some people continue to ** spot, and at the same time short contracts at 1 times the currency standard to obtain this stable arbitrage income. This creates a virtuous circle and is also the spot purchasing power engine of the bull market. As long as this premium space remains, the purchasing power of the spot will continue to be guaranteed2.Emotional perspective:Based on my own experience, it is relatively common and normal for the average premium during the bull market in the past, with an annualized premium of around 12%-15%. Reaching about 20%, it means that there may be a short-term FOMO sentiment in the bull market, and the spot actually doesn't matter, and I don't think there is a need to sell the spot. In the FOMO stage, any trend is possible. Only to respond to all changes with the same, ** when it comes, remember to enter. At the opening of the U.S. stock market in the evening, there may be a chance to hit the previous high again, or even break through 7w in one goAttract a large number of short funds to enter the market, so that FOMO sentiment will be further raised and then done**. 
BRC20 faucets ordi sats and rats all took off, and the third wave of the inscription plate was brewed this time and it was determined that it was really coming, and the five major indexers who had been talking for so long had unanimously agreed on the landing application of the inscriptionAfter two more days of polishing, the last goods will be agreed, and then ordi, sats, etc., will be used as a springboard to rise to a new level. It has been a long time since he was optimistic about the inscription, and there is no opportunity for a sector that can change the market pattern that cannot be developed, and his ** participation is still so high! Bitcoin has broken through a new all-time high in history, will there be? More chances?
On the last round of the bull market, on January 4, 2017, Bitcoin fell rapidly when it was close to the previous high of 1153, falling nearly 34% in a week, and it took a month and a half to break through the second time and did not form a smooth trend, but it was a high ** up and down after the pin out of the double top, until the third time to break through smoothly and healthy back, opening a vigorous bull market.
The last round of bull market, on November 25, 2020, was also close to the previous high to open**, with a maximum range of 17%, this time it took only 6 days to challenge the previous high again, and it was also a failure, and the third time it was successfully broken, and then a more violent pull-up was opened.
It is not difficult to see from the comparison of the two breakthroughs, every time it is close to the historical high, there must be a **, I believe this time is no exception, for the students who are short, this will be the most comfortable opportunity to get on the bus before the big bull market, be sure to grasp it.
The strength of breaking through the historical high is stronger and stronger, faster and smoother, and this time the Bitcoin ETF is superimposed on the epic level of the good, so the opportunity may be fleeting, and it is recommended to pay attention to it at all times, in batches.
In terms of market hotspots
1. The MEME sector PEPE, BONK, SHIB, MILO and other collectives rose sharply, and BONY broke a record high. But second-tier memes began to take the lead in adjusting.
2. BTC inscriptions rats, ordi, etc. have risen sharply. BTC L2's CKB soared. RATS are animal memes for BTC.
3. AI plate Due to the fire in the early stage, the AI sector began to adjust after three weeks of continuous **, and ARKM, AR, WLD and other collectives** (AI** led MEME for half a month).
A few points to note about to break through to new highs:
1.Historically, whenever you are close to the high of the previous bull market, there will be a wave of retracement, and it is just a matter of being big or small.
2.If there is a retracement, then it is a good time to get on the cottage, but it is not a good time to get on the pie. From the point of view of cost performance, the cottage has more charm of space.
3.When the pie is close to a new high, the cottage is crumbling, why is this? The main reason is that the main force of Bitcoin in the high-level copycat does not dare to pull the market, and only when Bitcoin retreats will the funds flow to the copycat.
4.We are now in the early stages of a bull market. Therefore, it has also passed the stage of initial target selection and re-bidding. At this time, more importantly, in the early stage of the bull market, the new concept of hot plates, concentrated funds in the middle and late stages of the bull, dispersed funds in multiple sectors and targets, rose a lot to change to not rise too much, copycat season is not just playing.
5.Many people come in the opposite way in the cottage season, and when they see which one has risen 3-5 times, they have turned it in, and as a result, people have turned off the fire, and other plates have risen again, so. Hold back, the cottage season is a few months, and I'm afraid it won't rise.
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