#BTC重返10万
Bitcoin's recent rebound has been quite strong, stabilizing and rising at 93377, slightly higher than our predicted position, which is a bit unfortunate. The Federal Reserve meeting in the early hours of the 8th, although overall hawkish, has seen the market digesting the negative impacts of no rate cuts and reduced expectations for June quite thoroughly. Instead, spurred by the easing of AI restrictions, Nvidia has led an increase that has stimulated Bitcoin to rise in sync. Currently, the price has returned to just before the 100,000 mark! The market has now reached the expected position we have mentioned multiple times: 99600. From Bitcoin's perspective alone, this is a position where we recommend reducing holdings in the short to medium term! Ethereum's trend will lag behind a bit. We have been emphasizing the expectation of a rebound recently, and today it has started to advance towards 2100 as expected, perfect! Since the market panic when it dropped below 80,000, we have been calling for entry, and now we have enjoyed substantial profits, which is comfortable!
In terms of the upcoming trend, the chart has shown small-scale divergence. Bitcoin is expected to start fluctuating, and after Ethereum reaches 2100, a pullback is also anticipated. After the pullback, friends with low positions can choose to increase their holdings; we do not recommend chasing highs here. At least from Bitcoin's trend, it is already in a phase of accumulated risk. The best scenario would be to fluctuate above 93000, providing a good market environment for altcoins, giving the struggling altcoins a chance to show performance, so everyone can have a chance to recover losses! Bitcoin support level: 97800, Ethereum: 1870!
In the short term, I personally have not entered the market and am still 1000 dollars away from my desired entry point. This wave has missed out on over 10% overall, which is okay. I have still enjoyed large profits, and although I missed the short-term, I will look for opportunities to participate. The expected top for Bitcoin is between 103000 and 105000.
