Without good news, why can BTC rise to 95,000?
Bitcoin surged to 95,000 USD, indeed fueled by several factors, but there are also things we do not know.
Let's talk about the positive factors:
First, the global economy is chaotic, the US dollar is somewhat weak, and Bitcoin has become 'digital gold'; even Syria wants to use it to save its economy, with safe-haven funds pouring in.
Second, the cryptocurrency market is bubbling hot, AI coins and NFTs are going crazy, retail investors are afraid of missing the 100,000 mark, chasing to buy, pushing it up to 95,000 USD.
Third, the technical aspect is also helpful; breaking through the major hurdle of 95,000 USD prompts quantitative funds to automatically increase their positions.
Is it possible that large holders secretly accumulated at 75,000 USD, released good news to push it to 95,000 USD and then ran away? Moreover, some people are calling for 'steady above 100,000,' creating hype; retail investors follow obediently, and as soon as they chase high, they get stuck.
As for 'following the rise but not the fall,' what's going on? When US stocks drop, some treat Bitcoin as a safe-haven asset; the main players might also be propping it up and misleading others. What to do? For short-term, wait for a pullback to 91,800 USD to buy, play less with leverage, and set stop-loss orders; for long-term, dollar-cost averaging, if you believe in Bitcoin, just keep accumulating.
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