Hello everyone, welcome to the Whale Weekly Analysis Report. I admit that this week is another crazy week, because Bitcoin is about to break a new high. We talked about the gap of BTC before, from 71k to 64k, a drop of 10%. Since then, the gap has been filled and it has been going up. However, I have been waiting for a suitable opportunity. It doesn’t matter if I can’t get in. Our portfolio is already in place.

First of all, I have been telling you for the past few weeks that this has been bullish and sideways, jumping back and forth. The range is 58k-72k. In last week’s weekly analysis report, it was also mentioned that the breakthrough is only a matter of time. Just be patient and hold the chips. In these days, I see a lot of big players on the chain, such as some transfer wallets, or large-scale purchases, only retail investors are selling. As long as the price is low enough, some institutions and big players are buying. At the same time, as I published yesterday, the chain has been issuing more USDT in the past few weeks. Now the market value of USDT is 102 billion US dollars, and the price of Bitcoin has reached a high of 72,000.

Now the market value of BTC is 107 billion US dollars. Under normal market conditions, the price of Bitcoin should not stay at 72,000, which indicates that the next wave of rise will come soon. Now the price is unexpectedly low. I have been repeating to everyone in the past few months that the super cycle is coming, just be patient and hold the chips, and the surge has not started yet.

I can only remind you again and again that the bull market has started from 30,000 to now. My fans who follow me know that you should not look at other bloggers painting you a pie. I expect a new high to be broken in the next few weeks. 74,000 will come soon and it is imminent. Since the gap of Bitcoin was filled, it has been rising all the time.

I expect another CPI on Wednesday in the United States to be 3.4%. There will also be a PPI report on Thursday, including unemployment claims and the European Central Bank press conference, which will react to the US CPI data.