The price of Bitcoin has once again broken through the 86,000 level and even higher. Will the bulls rise again, and will the price break new highs?
Recently, as we can see, the overall market trend is still quite ambiguous, with the market in a state of rising and falling without breaking through. Neither the bulls nor the bears have provided effective continuation. Today, the market sentiment has also been influenced by tariff issues. Currently, the tariff problem has eased to some extent. As long as Trump’s remarks do not deliberately signal an escalation of the trade war, the market's gradually digesting the negative impact of tariffs will lead to a gradual decline in panic sentiment and a weakening impact on the market.
Currently, the price of Bitcoin has risen again to 86,000, but after reaching this high, the Bitcoin price has not shown continuation or maintained a sustained upward trend. Instead, it has seen a slight pullback. It is expected that the overall price will continue to operate in the range of 84,000-86,500, waiting for an opportunity. Once the bullish momentum is opened up, the possibility of another surge is still quite high. Right now, the focus is on exchanging timing for space.
As for Ethereum, since it broke below the 2,000 mark, the overall market has been struggling and is gradually probing the bottom. Although the price of Bitcoin is driving Ethereum's performance, given the current situation, Ethereum is likely to probe lower further. The trend remains weak.
Throughout today, we have been focusing on bullish positions, and we have been able to benefit from the rise of the bulls. Our long positions have also been safely taken. For the future market, in the absence of significant negative news, we will continue to participate with a bullish focus. #巨鲸动向 #CPI数据来袭