On May 22, Bitcoin soared, breaking through $111,861 during trading, refreshing the year's high point and kicking away the January high, with a short-term increase of 3.3%. But just as the climax began, U.S. stocks plummeted, bond yields soared, and Bitcoin also started to show slight pullbacks. The question arises:
Is this wave heading straight for $120,000 and $140,000? Or is it the final frenzy of the bull tail?
Is the logic of the bull market being reconstructed? This wave of Bitcoin is not just a technical signal, but also a conspiracy of institutions and macroeconomic factors:
🔹 Beautiful country's CPI cools down, market bets on the Federal Reserve taking a dovish stance 🔹 U.S.-China trade tensions ease, global risk appetite rises 🔹 Moody's downgrades U.S. sovereign credit rating, safe-haven assets flood into crypto 🔹 Major funds continue to buy spot ETFs, capital leverage has been loaded
This is not simple speculation; it is a 'systemic shift' that is building a strong base for Bitcoin.
Technical chart: Golden cross + overbought resonance From the market perspective, technical analysts are already banging the table:
RSI has entered the overbought zone, momentum is absurdly strong
The stochastic oscillator is also off the charts, indicating that buyers are firing on all cylinders
The most critical point is: the 50-day SMA is about to cross the 200-day SMA, and the golden cross is approaching
If this cross officially forms, it will mean that **the main wave of 'the bull among bulls' is coming**.
But be careful: this could also be a 'trap' for retail investors. Listen carefully, while the market is fierce, it is not the time to charge in blindly:
The RSI is already very high, which can easily trigger short-term volatility
If it falls back and breaks below $105,000, it may drop to test the support at the $100,000 level
This position is a concentrated area for chips; once it breaks with volume, it will not be a normal pullback
In other words: $110,000 is not a reckless target, but an extreme gambling zone.
Operation suggestions: Don't follow the trend, follow the strategy Long-term: You can continue to hold, especially if the ETF rotation and macro liquidity logic remain intact, the big structure is still there Short-term: Pay attention to volatility signals; if it falls back and does not break $105,000, you can add; if it breaks, set a stop loss in time Newbie: This is not a bottom-fishing position, but a stage to test the 'holding mentality'; don't FOMO, follow the rhythm instead of chasing popularity
So, do you think this wave of Bitcoin: is it a deep strategic layout by institutions? Or the last feast before unloading?
Let's discuss in the comments: Are you bullish or bearish? At what level are you planning to take action?
This game above $110,000 may be deciding the wealth ceiling for 2025.

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