The square a few days later:
Family, the moment to witness history has come! Bitcoin has directly broken through the $108,000 mark; this trend is simply amazing, definitely the top player in the crypto world!
I previously mentioned that the $108,000 position has significant resistance, but the bulls directly pushed through strong, amazing breakout! Looking back at the past few days, Bitcoin has been building momentum, closing positively for six consecutive days, with the bulls making a strong advance, and the selling pressure above is getting smaller; this breakout was expected. From the weekly perspective, after Bitcoin stabilized at the midpoint, it went straight up, and now breaking through $108,000, the next target might just be the $110,000 - $113,000 range.
Looking at Ethereum, this wave is not to be underestimated either, strongly catching up and breaking through $2,600, now approaching $2,800. After Ethereum completed the Pectra upgrade, improvements such as increased staking limits and account abstraction injected a strong dose of confidence into the market, leading to a surge in ecological projects.
Behind this wave of market activity, institutional movements are crucial. MicroStrategy has invested another $1.5 billion in Bitcoin and has been included in the Nasdaq 100 index, which means more funds will passively flow into the crypto market. Coinbase spent $2.9 billion to acquire Deribit, positioning itself in the derivatives market. Institutions are betting heavily, and we ordinary investors need to keep up with the rhythm.
However, don't let the bullish trend cloud your judgment. The market is highly volatile; after Bitcoin breaks through $108,000, it is very likely to correct. Ethereum near $2,800 also faces considerable pressure. When trading, please set stop-loss orders and manage your positions carefully, don't get carried away.
Next, in addition to focusing on Bitcoin and Ethereum, we can also look at potential projects within the Ethereum ecosystem, like some Layer 2 projects, which might take off with the momentum from Ethereum. In short, there are many opportunities in the crypto space, but the risks are also high; let's seize the opportunities together, and I wish everyone can profit in the crypto market! #BitcoinBreaks108000 #EthereumStrongCatchUp #CryptoMarketTrends [Wealthy Emoji][Rocket Emoji][666 Emoji]
