Recently, Bitcoin has been on a continuous rise. Even though the Federal Reserve's interest rates remain unchanged as expected, this highly probable event has not led to negative news, due to two fundamental reasons.
The first reason is that the US is beginning negotiations with the mainland, which is beneficial for the economy. The second reason is that whales have been making large purchases of Bitcoin, continuing from last week to now.
This surge in Bitcoin is not driven by the market; it is primarily due to whales accumulating positions. Capital institutions holding Bitcoin do not have short-term goals, so they are not accumulating at the lowest prices. What they care about is the long-term future and whether there is a hedge against inflation.
As Bitcoin rises to around 100,000, the third batch of short-sellers has entered to average up their positions to around 96,500, with a stop-loss at 110,000, and the profit point remains unchanged. No matter how the market changes, I do not believe Bitcoin will start the next bull market until it truly breaks through the 100,000 barrier; instead, it is the time for the 'dogecoin' operators to harvest. The first step in counterintuitive trading is to never chase after rising prices or sell on dips!
In the next couple of days, we will directly see the upcoming trend of Bitcoin, whether it continues to break through and rise or plummets, let's wait and see! $BTC $ETH $SOL
