⚠️⚠️Attention!! Bitcoin is surging strongly. Once it breaks through 106,000, the upward pressure will be very small. Do not make random long or short operations!
No trading strategy should be executed without clear signs of a market reversal, unless it's a gamble at a key position. This surge has caught too many by surprise. Firstly, the tariff war has not diminished market enthusiasm, and coupled with the fact that there were no interest rate cuts in May, it cannot be considered a significant negative but is certainly not a positive. Yet Bitcoin is surging strongly. The reasons have been discussed in previous articles: the tariff issues are being negotiated well, and there has been significant accumulation of Bitcoin by large institutions recently, leading to Bitcoin's rise.
Considering the overall situation, I do not believe that Bitcoin will take off directly, but the reality shows a strong increase. Technical indicators do not indicate any effective data, and the news is certainly not positive. Therefore, a conservative wait-and-see approach is recommended.
If it breaks through 106,000 and stabilizes, reaching a new historical high will be highly probable, and the chance of a pullback below 90,000 will be very small. Waiting for interest rate cuts in June to August, the possibility of a direct surge creating 150,000 is feasible.
You and I still have one last opportunity to get on board. It all depends on the depth of the pullback in the next month or two. The current market is mainly a wait-and-see approach; the long position has limited space, and there are no signals to operate a short position. Therefore, the watershed position is not suitable for either long or short. Stay tuned for subsequent articles and wait for the entry signal.
