The current price of Bitcoin is approximately $97,936, and market sentiment is exuberant, but this surge is supported by solid fundamentals. Here are my observations on the market:
1. Market Status
Bitcoin's market cap has surpassed $1.93 trillion, with a 24-hour trading volume close to $20 billion.
2. Positive Factors
Ethereum's approval has brought in institutional funds, the halving cycle is approaching, and the global macroeconomic environment is favorable.
3. Risk Warning
The short-term increase is too large, there is a risk of correction, market sentiment is overheated, and regulatory uncertainty still exists.
I believe this surge has characteristics of a bull market, due to:
Strong fundamental support
Institutional funds entering the market make it more mature
Halving and Ethereum effects boost the increase
Price Predictions:
Short-term (1-3 months): $100,000 - $120,000
Mid-term (within six months): Could reach $150,000
Long-term (by the end of the year): $200,000 is possible
A reminder to everyone:
Do not chase high prices; adopt a phased investment strategy
Set stop-loss levels to control risk
Maintain sufficient cash reserves to cope with corrections
Overall, the current bull market foundation is solid, but it is very important to remain rational.
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