Bitcoin, this digital asset once labeled as a 'bubble' and a 'scam,' is now dancing arrogantly under the spotlight of the financial market. $105,000! This number hits like a heavy hammer, shattering the glasses of all skeptics. When it broke through this psychological barrier, the market erupted—bulls cheered 'the bull market is back,' while bears gnashed their teeth in the shadows, and many more held their breath in front of the screen, trying to catch glimpses of the future from every price jump.
1. The 'Unexpected Assist' of the Trade Agreement: A New Script for Bitcoin as a 'Safe Haven'? The achievement of the China-U.S. trade agreement should have been a celebration for traditional financial markets. Tariff reductions, economic cooperation, and a rebound in risk appetite... these keywords should have made the U.S. dollar, U.S. stocks, and gold the main characters. But Bitcoin insisted on intervening, forcibly taking a share from this feast. An increase of 1.75% within 24 hours, with trading volume surging by 17.8%, is this what a 'safe haven asset' should look like? Perhaps Bitcoin is no longer the 'niche toy' trembling in the corner. As global geopolitical tensions escalate, and the traditional currency system teeters on the brink under inflation and debt, Bitcoin's 'digital gold' attribute is being redefined. It is no longer merely a speculative tool but resembles a collective bet by a group of people on a 'decentralized future.' The spring breeze of the trade agreement has blown away the market's gloom, but it has also ignited the ambitions of Bitcoin bulls—they want not just a rebound, but a revolution that disrupts the traditional financial order. 2. The Reappearance of the 'Ghost' of 2017: Will History Repeat Itself? Ted Pillow's analysis report exploded like a deep-water bomb in the crypto space. In 2017, Bitcoin soared from under $1,000 to nearly $20,000, a frenzy that made countless people overnight millionaires and a nightmare that bankrupted even more. Now, with the same price pattern, the same bullish signals, and the same enthusiasm among bulls, will history really rhyme again? The MACD hovers in the bullish zone, and although the RSI has retreated, it still remains above the neutral line, with prices firmly above the support level of $102,700. These technical indicators are like a group of cheerleaders, constantly cheering on the bulls. But let’s not forget, the bull market of 2017 ultimately ended in a bloodbath, with countless people trapped at the peak until three years later when they finally broke free. This time, can the bulls really escape the curse of 'extreme prosperity leading to decline'? Perhaps this time the script will be different. Bitcoin's ecosystem is no longer what it used to be: institutional entry, ETF approvals, and clearer regulations... these changes have made Bitcoin's 'fundamental base' more solid. But the madness of the market will never change—when greed overcomes fear, and leverage and FOMO (fear of missing out) become mainstream, even the strongest moats can be washed away. 3. The $5 Billion Sword of Damocles: The Temptation and Risks of Leverage. Coinglass's data poured cold water on some people's enthusiasm. If BTC drops to $101,000, $5 billion in leveraged positions will be liquidated! What does this mean? It means that the apparent prosperity of the market may only be built on a sandcastle of high leverage. Once prices correct, these sandcastles will collapse instantly, triggering a chain reaction. But the bulls seem unconcerned. They are immersed in the fantasy that 'the bull market never sleeps,' constantly increasing their positions and chasing highs, as if shouting loudly enough could scare off the bears. Yet they forget that the market never changes direction based on human will. When the leverage ratio skyrockets to a certain level, even a gentle breeze can trigger a tsunami. 4. Behind the Bullish Revelry: Is it Faith or Greed? Is Bitcoin's rise a return to value or the expansion of a bubble? This question may never have a standard answer. For believers, Bitcoin is a passport to a 'decentralized world,' a weapon against inflation and censorship; for speculators, it is merely a gamble, a ticket to wealth freedom. Regardless, Bitcoin is no longer that 'small role' that can be easily ignored. Every jump it makes pulls the nerves of the global market. When the spring breeze of the trade agreement meets the surge of Bitcoin, and the ghost of 2017 reappears, we might ask ourselves a question: Are we really ready for this celebration? 5. Conclusion: After the Revelry, is it Dawn or Abyss? No one can predict Bitcoin's future. It might continue to soar, breaking through $110,000, $120,000, or even higher; or it could suddenly crash at an unexpected moment, leaving countless people with nothing. But regardless of the outcome, this celebration is worth remembering—it shows us human greed and fear, and prompts us to think: in this uncertain world, what should we really believe in? Perhaps the true winners are never those who revel in the bull market, but those who stay clear-headed amid the revelry. The story of Bitcoin is still ongoing. And we can only hold our breath and wait to see how this 'century drama' of digital currency will ultimately unfold.
