Today, Bitcoin continues to surge, with a giant whale betting 800 million on long positions. Bitcoin peaked at 107,985 USD, just about 2% away from its historical high. Yesterday, Sweet Dream reminded everyone in the article (Last Chance to Get Onboard? Bitcoin New High, Should We Go All In? Giant Whales Frenziedly Buying ETH, Ethereum Soars 4000U! AAVE Profits 544%, Huge Gains! These Three Coins Soared Tenfold This Week) that: "Bitcoin clearly has big funds supporting it below, not wanting the price to drop below 100,000, completely not giving others a chance to get in. It’s possible to see a new high for Bitcoin in the next couple of days." Today, Bitcoin surged 2000 points as expected, targeting 108,000 USD.
After Bitcoin rose to 108,000, the 800 million whale started to reduce positions when it fell back to 107,500, having now reduced 200 million, directly causing Bitcoin to drop from 107,500 to 106,500, a total drop of 1000 points. Each time Bitcoin pulls back gives you a chance to get in, aiming first to see 12U. Currently, BTC has entered the channel for the third time. The certainty of the breakouts in the first two times was relatively high, and it will be more difficult after the third, but given the daily cycle pressure near 107,000, there are signs of a potential breakout. A resonance breakout of the two cycles could increase the probability of a continuation for the bulls.
If Bitcoin breaks its previous high (109,588) this week, based on Fibonacci extension analysis, its price is expected to reach a range of 117,000 to 125,000. The results of the extension lines drawn from different starting points are similar, pointing to ranges of 117,000 to 123,000 or 118,000 to 125,000.
Currently, apart from the strong performance of BTC in the altcoin market, most altcoins are performing quite average. The recent surge in altcoins has been consolidating for two weeks now, and the next wave is expected soon, likely within this week. Sweet Dream has compiled statistics on the inflow of funds in several sectors: public chains, meme coins, LAUNCHPOOL, and seed funding. This should be the next wealth secret in the secondary market: Public Chain Direction: ETH SOL BNB XRP SUI ADA Meme: DOGE TRUMP ORDI PNUT PEOPLE
Trump + Sun Yuchen
Trump will host a dinner for the top 220 holders of the TRUMP token. The top 25 token holders will also receive a 'VIP White House Tour' and a special reception. Sun Yuchen will attend the dinner with U.S. President Trump as the largest holder of the TRUMP token.
To secure this position, Sun Yuchen has spent tens of millions of dollars and is currently in the United States, having just visited Musk's company. Brother Sun smiles while eating a banana, making it even harder to predict the life and death of retail investors. Trump and Sun Yuchen coming together means retail investors in the crypto world will have something to gain.
