This year's trivial matters have increased for some reason. Sigh, without further ado, let's take a look at the market situation. Bitcoin has been continuously rising, hitting a historical high of around 107,000 in the early morning. It seems that 110,000 for Bitcoin is just within reach. Meanwhile, Ethereum also reached a historical high of 4,108 in the early morning. Both are showing strong momentum, and the market is in a bullish phase. How should we approach trading at this high level? My personal view is to go with the trend and look for a pullback to buy. The current market is in a bull market, and its price ceiling is hard to predict. In this situation, it all comes down to where to buy. Additionally, with funds currently flowing into ETFs and good news frequently appearing, the momentum is strong. The day after tomorrow, the Federal Reserve will announce a rate cut decision. If they cut by 25 basis points, FOMO sentiment may be ignited, leading to a buying spree, which might result in significant market volatility!
Today, we need to focus on the breakthrough situation at 108,000. If it breaks through and stabilizes at 108,000, the next step could be a push towards 110,000!
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