Bitcoin is about to reach 110,000.

This is almost beyond doubt, whether from the news perspective or the technical perspective, it is almost all positive. The President of El Salvador is showing off, Gan Gan has resigned, and Trump is about to take office.

Especially, Wall Street institutions have been continuously buying in, even after Bitcoin surpassed 100,000, they are still buying in.

For us retail investors, we have been dealing with Bitcoin at 30,000 to 60,000 for a long time, and when Bitcoin reaches 100,000, we feel it’s a bit high.

As mentioned in previous articles, buying Bitcoin at this time is like joining the Nationalist Army in 1949.

The reasoning is simple: for this bull market, the highest prediction for Bitcoin's peak that I can currently see is 150,000, anything above that is beyond my cognitive range.

So, in this price range, we will choose to take profits and wait on the sidelines.

The future market has nothing to do with me; of course, it may continue to soar, but I do not plan to continue taking those profits.

However, institutions are still buying frantically; they are optimistic about Bitcoin's future higher position.

For them, achieving a 50% profit in just a few months is very terrifying, while for us retail investors who have been drifting in the crypto space for years, 50 points in a bull market is looked down upon by most.

So, I am thinking about what kind of way this bear market will come?

After all, institutions have laid out so much; if they start to sell off, the entire market will know, triggering panic selling.

It is highly likely that this bull market will come with several rounds of crazy ups and downs, and then slowly enter a bear market.

Through the method of wild fluctuations, extending the bull market cycle, leaving them enough room for selling events, and attracting more retail investors to join.

I hope that friends in my circle will be decisive when taking profits next year, and not be overly concerned about gains and losses.