Bitcoin Hits New High, All Lines Surge

Don't sleep anymore, if you do, the bull will run away. It's time to take off, fully take off. Congratulations to Bitcoin for breaking the historical high, it's our turn to celebrate. But the question arises, how should we view the next steps? Haha, I won't laugh anymore, and the bears are crying. After going through an 8-month correction, the market has finally reached new highs. Many people might have already lost confidence and those who got washed out early are definitely not few.

So, is this the new phase of the bull market, or have we already peaked? Undoubtedly, it cannot be the peak right now. Personally, I believe it's a new phase. If this momentum continues, there will likely be two interest rate cuts this year, and reaching 85,000 before the end of the year is very possible (in two months, two rate cuts and a rise of 10,000 dollars is still quite possible). Moreover, based on historical cycles, it usually starts to rise steadily about half a year after a significant drop and halving. However, this doesn't mean that a bull market guarantees profits; why? Because everyone's approach and understanding are different. In the future, more institutional players will continuously enter the market, and we retail investors may face more challenges.

Back to today's market analysis, from the K-line perspective, $BTC is poised to move upwards again on the hourly level, while the 4-hour, 12-hour, and daily levels indicate an upward trend. The intraday resistance level is 77,000, and the support level is 73,800 dollars.

Bitcoin has broken new highs, Ethereum has also reached 2849, and the next step is the altcoin season explosion. The peak of this wave of altcoin market is likely to occur this week or next weekend! A 'small spring' for altcoins is quietly approaching!

Raise your glass as a signal, the spot targets have been selected. Preparing to layout in the next few days, those with positions, the first 10 will be taken care of for free. First come, first served, don't miss this great market opportunity.