This wave of market is completely following the trend I predicted in my last article.

I had already posted an analysis about Bitcoin at noon, and now the mid-line of the Bollinger Bands at the weekly level is holding firm at $103,500, harder than steel. The MACD has made a second golden cross above the water, directly piercing through the daily resistance level, a clear signal for an acceleration in the main uptrend.

On-chain data shows that in the past 72 hours, whale addresses have increased their holdings by 32,000 BTC, with over 60% of the net inflow from Coinbase Prime channel. This indicates that institutions are not scared away by short-term fluctuations, but instead are quietly accumulating. The 28% premium of Grayscale Trust is right there, and the holdings of 11 spot ETFs including BlackRock have soared to 1.18 million BTC. Such a level of institutional premium was unimaginable in the last bull market.

The strongest logic in the market lies in the stablecoin pool. The total supply of USDT + USDC has surged to $280 billion, which is equivalent to preparing 28 times the potential buying ammunition for Bitcoin. If the Trump administration really relaxes stablecoin regulation, once the liquidity transmission channel opens up, Bitcoin hitting $100,000 would be considered conservative.

Looking at the technical side, there is a triple defense system near $102,000: the 20-day moving average, the CME gap filling level, and the institutional cost line. These three technical indicators stacked together mean that even if the whales want to crash the market, they need to weigh the costs.

In terms of operations, I still adhere to my original prediction:

Any spot position below 80% is wasting the bull market; when it retraces to the $103,500 - $104,000 range, blindly go long. The options wall at $108,000 looks scary, but in reality, it serves as a fuel depot for the subsequent market rally—BlackRock's CEO's $500,000 target may come sooner than the market expects. Those shouting for 'technical corrections' should take a look at the profit orders hanging above $70,000 from the 37 addresses with over 100,000 coins; this game has been marked 'bull retrace' from the start, and now you want to get off? Be careful not to get washed up on the beach by the FOMO wave.

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