Currently, the Bitcoin market has stabilized around 75,000, which means that any subsequent drop will be met with a corresponding rise. One can only say that with Trump's endorsement from Musk, it will not only change the global landscape in the coming years, but the cryptocurrency market will also ascend to a whole new level in the next few years, with the overall scale at least doubling!
At this stage, although Bitcoin has risen a lot, one should not have the mindset of shorting at highs. It's like a war; one side is advancing rapidly, and you instead believe that this side will soon start to retreat. There is a time to withdraw, but it certainly isn't now!
In previous articles, I mentioned that once 75,000 can stand firm, the next resistance levels will be 77,000-78,000. Currently, reaching this will not be a difficult task. Based on the current trend, it seems that the big bull market has arrived, and this stage is merely the opening of the true bull market. It does not mean that prices will always rise; one must not blindly chase highs.
In trend trading, what we seek is certainty in the market. The most important thing is to grasp the reversal signals, entry points, and position management. Focus only on entry and exit points, ignoring the process in between. At this stage, it is not suitable to chase highs. After all, there has been a significant rise, and we should wait for a pullback signal. Shorting at highs in the coming days can indeed capture a wave of market action, but such operations are indeed counterintuitive, and that is trading.
The Federal Reserve's interest rate cuts completely align with expectations, progressing normally. With Trump in power, the world will move towards harmony, gold has begun to retreat, and the overall outlook for the stock market and cryptocurrency market is positive. Bitcoin at 100,000 will no longer be an unattainable price!
Bitcoin trading advice: Temporarily be patient and wait for Bitcoin to reach the 77,000-78,000 range. If there is a volume contraction in the rise or a spike test, you can generally place an order to try entering. If it reaches without a reversal signal or without a decrease in volume, continue to wait. 80,000 will be the second target. If it really gets here, the cost-effectiveness of shorting will be very high, and one can make a significant profit!
No matter what the highest price Bitcoin will reach in the future, before the real bull market in 2025, Bitcoin still lacks one major drop. This could happen before the end of the year or during next year's 3/12. Opportunities will come; do you have the patience to wait for it?