The needle spike market is back! Will Bitcoin spike tonight? Long battle at 100,000? Old money is entering, which leading coins should we layout!
Last night, a needle shot up, and all shorts below 103000 for Bitcoin were liquidated. Currently, there are slightly more shorts. If we continue to accumulate short liquidity above 102600, there might be another spike on Friday night! A fan asked if Bitcoin has been fluctuating around 70,000 for 240 days, should we prepare for a long battle at 100,000? I believe it won’t take that long because the current market is vastly different from the market six months ago, with the amount of funds flowing into the market being like two different worlds. The first rate cut on September 18, the second on November 7, and the significant market changes after the U.S. elections on November 5 are very notable. This is not a market brought about by Trump; it fundamentally stems from the Fed's rate cuts directly causing a rapid influx of funds into the market, raising all boats. Six months ago, the rise from 30,000 to 70,000 was purely due to the approval of Bitcoin ETFs; the funds were just being shifted around. Now it’s different; both sides are robust. What I mean by this is clear: stabilizing above 100,000 won't take long. The entire bull market has about 11-12 months before it reaches its peak and ends. It cannot afford to spend another seven or eight months fluctuating with you. Have you ever seen a bull phase in a halving cycle that fluctuates for more than two and a half months?
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