#BTC再创新高

Expert Discusses Hot Topics:

A new week has just begun, and the morning Bitcoin price has reached another all-time high (ATH). Market sentiment is boiling, but with every new high, there are always concerns about a pullback. In fact, this worry is more psychological, as it is still FOMO time in Asia. The real points to be concerned about will come after the U.S. stock market opens in the evening, when we can observe market changes.

Today, the expert will briefly discuss the current market logic: $MSTR has been included in the Nasdaq 100, and institutional funds continue to increase their positions, which undoubtedly injects more confidence into the market. Additionally, the premium on CME futures remains significantly higher than spot prices, indicating that large funds are far more optimistic about the market's future than ordinary retail investors.

If there is anything to be cautious about, it will be after the Federal Reserve's interest rate meeting on December 19, especially regarding the dot plot for 2025—whether the expectation for rate cuts can exceed two to four times will have a significant impact on the market.

As for pullbacks, there is really no need for excessive interpretation. Last week's so-called pullback was ultimately met with new highs in less than a week, right? The trend is the core force that drives prices; as long as the trend remains intact, pullbacks can actually present opportunities for positioning.

Currently, a rate cut in December is already a high-probability event, and a rate cut itself is a clear positive. For this round of the bull market, short-term fluctuations cannot change the overall upward structure.

Moreover, many people feel uneasy about the 100k mark, but it should be understood that this is just a new starting point. Some KOLs say it will be turbulent for half a year like the 73k mark in the first half of the year, which sounds a bit like searching for a sword in a boat.

The expert believes that a real bull market is characterized by fast rhythms and large fluctuations, and there won't be much time for indecision. The halving cycle is less than 11 months away; if it still needs to be turbulent for half a year, then the logic of the bull market does not exist.