In simple terms, Bitcoin is still digesting the pressure from 100,000. If this position continues to fluctuate and consolidate, then once it breaks 100,000, it will be difficult to come back in the short term. We are currently in the second wave of selling pressure release, and it won't go up directly. Coincidentally, it's a holiday here in the United States, and being able to hold is already considered strong. Next week when the U.S. stock market opens, buying interest will return again.
Additionally, on the 11th of next month, Microsoft is very likely to join the ranks of buyers, which would make it the fourth largest buyer in the world. Once a large purchase occurs, the seventh and fourth in the world will rise together, spiraling upwards. Why not? Therefore, the probability is still considerable. Perhaps we just need to patiently wait for Bitcoin to break 100,000; it's just a matter of time~
For those still shorting, I advise you to be careful; if you miss this wave, there won't be such a good trend in the next ten years. Whether it's on-chain data, USDT minting, or funding rates, they all point in one direction: which is upward. Don't be afraid of heights. The ones that are rising the fastest, like Doge and XRP, do you see any pullbacks? Absolutely none; this wave has been pushed up completely, pulling and washing at the same time, there is totally no acceleration. Don't wait for a pullback; you won't get it. BTC 100k is just the beginning. ETH 4000 has only just started. Remember what I said today: $BTC .
The future of the US stock market will be dominated by companies like MSTR
In the future, municipal governments around the world will buy Bitcoin as reserves like the Vancouver city government in Canada
In the future, countries worldwide will learn from El Salvador to buy Bitcoin as reserves
Bitcoin has no top. No matter how smart you are, the top calculated by your individual brain power cannot surpass the top created by the combined efforts of US stock institutions and governments at all levels, which is $ETH $BTC
Prices rise, positions fall Shorts around 91,000 yesterday were gradually stopped Wait for positions to rise before bulls can exert their strength, 100,000 will definitely be broken this month
I still want to say my concept once again, I am a rookie, but BlackRock is not. Since they have gathered a large number of smart analysts and high-net-worth investors from around the world to do what they are doing, I can disagree, but there is no need to oppose it. At least I haven't been arrogant to that extent, so whatever BlackRock supports, I will go along with it. I still think this way. So being bullish on Bitcoin, anyone who wants to short and eat the pullback, both long and short who want to profit, are fools! $BTC
In a bull market, just go long, only go long In a bear market, just go short, only go short If you trade both directions, who else will blow up if not you? If you want it to rise this much, liquidity doesn't support it, want to short and take a bit of a pullback While going long, want to profit from both long and short Do you think you are a trading master?
Friends, in a bull market, you may not go long but definitely don't go short. Some big influencers lead their fans to hold positions and add to shorts, in the end, they cut losses and you get liquidated. Does that work out? $BTC
Now I think most people must have the thought that Bitcoin will return to 70,000 or 80,000 and then buy the dip to reach 100,000. More than 80% of people have this thought, whether they are ordinary investors or those big influencers. The main forces and institutions will not come back to pick us up.
Some people say that there is a lack of liquidity. It does not support Bitcoin breaking 100,000. Yesterday's decline washed away the long-term whale holders. In the future, Bitcoin will have little to do with ordinary people. It is institutions, countries, and governments. $BTC
1. Do not guess the top of Bitcoin. This round is really different. The top is a result of the combined efforts of institutions, governments, and national funds.
2. Internet funds in the US stock market will learn from MSTR and come one after another to buy Bitcoin as reserves. Municipal governments in various countries will buy Bitcoin as reserves, referencing Vancouver, Canada. Countries will buy Bitcoin as reserves.
3. These large funds are coming slowly, do not use the previous fast bull market perception to view this round of Bitcoin bull market. This round will progress very slowly, but the momentum will be very strong.
The current situation of BTC can be described as having the clearest fundamentals in history: Two cows support the entire field, just focus on the buying behavior of both! When MSTR stops, pay attention to the net inflow of ETFs (the key is whether IBIT continues to increase its holdings, not whether a few short-term ETFs persist).
Currently, the overall situation is still in an upward channel, and the current state is just a pullback during the process of the upward channel. This is known; what is unknown is the extent and duration of the pullback. My personal expectation is that it will not be very long or deep, and the market will not have the opportunity to return to the previous layout position for those who missed the buying opportunity.
The pullbacks in a bull market are meant to get you on board not to make you short If anyone tells you to go to 70000 80000 please block them and scold them They are blocking your path to wealth If it really drops below 80000, don't try to catch the bottom because the main players won’t come back to let you get in at 78,000... This year Bitcoin will definitely break 100,000$BTC
Only those who don't understand the market say there is a big pullback now, it will definitely come back 100%. If it is going to drop, it will definitely break 100,000, giving everyone a hope, and then giving everyone despair.
Last night, the price dropped, and OI increased, indicating that most people are chasing prices to open short positions. The funding rate has plummeted, so let's wait for liquidation. Shorts, this is your last chance to escape!