#BTC

#BTC
In the past two weeks, those who have been following my analysis of Bitcoin know that I have consistently held a bullish view up to 100k. From the bottom of 91-918 points, I also provided everyone with the opportunity to bet on long positions here, with a rebound target of 96-972. After several failed breakthroughs and subsequent pullbacks, I suggested the 93-95 range for potential long positions. Moving forward, I saw a continuous breakthrough towards 100k, and it basically followed the ideal trend reaching around 104000, where a ten-thousand-point waterfall began. The previous text included point charts and graphics, congratulations to those brothers who kept up.
As for the ten-thousand-point waterfall yesterday morning, it did not affect me at all; in fact, it even triggered Sol and Ethereum because at this stage, I have no desire to trade Bitcoin. Here, we need to consider Bitcoin's market share and analyze the trading pairs between Bitcoin and altcoins.
Since the surge close to 100k began, Bitcoin's market share has been continuously declining, which is why the exchange rate of altcoins has shown a strong rebound, leading to the altcoins catching up. I've been saying for over a month that the Ethereum craze is coming soon, but there are still many FUD comments about Ethereum; most of those are probably losing retail investors.
The ten-thousand-point spike in Bitcoin yesterday indicated that there is significant selling pressure above, but that does not mean that a major correction will start. Currently, it is still in an upward trend. If it can consolidate at a high level with reduced volume, there will be a new round of breakthroughs to higher points. The key support levels are 95800 and 93500; breaking 93500 would indicate a correction.
The decline in Bitcoin's market share does not mean a collapse in Bitcoin's price. There will be a rebound in market share followed by a drop. When that moment arrives, the real altcoin season will begin. At that point, many people may look for this news or that news to backtrack, but it won’t matter. You just need to patiently hold onto your coins, which will be better than most people.
#BTC走势预测 $BTC