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Either a new high is broken, or it is on the way to breaking a new high. Bitcoin just broke through 94K and is heading straight for 95,000, likely influenced by the start of trading for Bitcoin ETF options on the 19th. However, the launch of ETF options has both advantages and disadvantages; the advantage is that more institutions will enter and push Bitcoin even higher. The disadvantage is that options have expiration dates, typically on Thursdays, Fridays, or the last day of each quarter, especially on the quarterly expiration date, where trading volume will be greater.
Therefore, on weekly or quarterly expiration dates, Bitcoin's volatility will also correspondingly increase.
Next, let's talk about my current operational methods for Bitcoin (the boss) and Ethereum (the second in command). Remember to like, follow, and save. Right now, for Bitcoin, I mainly focus on quick in and out trades; it’s not suitable to hold long-term before a pullback. So what should the often criticized second-in-command do? Many brothers feel that it might have completely declined this round, but temporary difficulty does not mean it will always fail. As I mentioned before, Bitcoin will definitely enjoy the first round of liquidity; after it rises, it will be the turn of the second and altcoins. Don't rush; there is definitely upward space for the second in the coming months. I will decisively enter Ethereum below 3000, being conservative, and initially aim for the 60000 range. What do you think, brothers?
Continuing with the market analysis for today, $BTC : From the K-line perspective, the 1-hour level is rising, the 4-hour level is rising, the 12-hour level is rising, and the daily level is still rising. The intraday resistance level is 97500, and the support level is 91700 USD. #BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线
Therefore, on weekly or quarterly expiration dates, Bitcoin's volatility will also correspondingly increase.
Next, let's talk about my current operational methods for Bitcoin (the boss) and Ethereum (the second in command). Remember to like, follow, and save. Right now, for Bitcoin, I mainly focus on quick in and out trades; it’s not suitable to hold long-term before a pullback. So what should the often criticized second-in-command do? Many brothers feel that it might have completely declined this round, but temporary difficulty does not mean it will always fail. As I mentioned before, Bitcoin will definitely enjoy the first round of liquidity; after it rises, it will be the turn of the second and altcoins. Don't rush; there is definitely upward space for the second in the coming months. I will decisively enter Ethereum below 3000, being conservative, and initially aim for the 60000 range. What do you think, brothers?
Continuing with the market analysis for today, $BTC : From the K-line perspective, the 1-hour level is rising, the 4-hour level is rising, the 12-hour level is rising, and the daily level is still rising. The intraday resistance level is 97500, and the support level is 91700 USD. #BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线
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BTC
98,255.99
+3.99%
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