Strong short-squeeze market, Bitcoin hits a new historical high of 106,684, consolidating a seven-week streak of gains, the longest winning streak since 2021. In a bull market, shorting feels like a losing game.

Currently, after breaking through the historical high during the day, the price started to fluctuate and decline. After a dip in the evening, it steadily rose again. The hourly chart has consistently closed in the green, indicating signs of continuation in the bullish momentum. Although there were some downward movements in between, they were all quickly recovered in a short time, which indicates that the current bulls are still quite strong.

In the short term, the pressure at the 107,000 level is expected to be broken soon. With the Fed's interest rate cuts approaching, the market is likely to digest this positive news in advance, or it may be waiting to break through using this news. Therefore, it is expected to continue pushing upward towards 108,000-112,000!

The current market sentiment is quite bullish, and for those trading with the trend, the previous highs are just fleeting moments, all waiting to be broken. Just like when Bitcoin broke through the 100,000 line, which once seemed distant, it is now a thing of the past. In this trend, there’s no need to think of anything else but to go long; even if there’s a pullback, just look for other positions to go long!

Recognize the trend, maintain a good mindset, and follow a single direction to develop; in a trending market, profits are inevitable! #加密市场狂欢 #比特币战略储备 #BTC再创新高