Brothers, Bitcoin has soared to 110,000! Should we rush in now or run away? Let’s get straight to the point, technical and news aspects together! #比特币突破11万美元
Technical highlights:
- Support level: The most critical line of defense now is 102,000-99,000. The on-chain data shows that large investors bought 28,000 coins in this range, creating a "diamond bottom". If it falls below 100,000, the panic selling may drop to 95,000 or even 88,000!
- Pressure level: The short-term high was 112,000. Once it stabilizes, it will directly rush to 115,000-120,000 (according to historical rules).
- Indicator warning: The daily RSI is approaching 72, which is a bit overheated in the short term, but the weekly line is not crazy yet, so it is still playable in the long term. Miners now have very few coins (the lowest since 2020), and even if it falls to 100,000, it is unlikely that they will collectively dump the market.
News on the long and short sides:
- Good news: BlackRock ETF attracted 970 million in one day! El Salvador took the lead in "hoarding 1 BTC a day", and small countries followed suit to hoard Bitcoin as gold. Trump boasted that he would establish a "national Bitcoin reserve", although it was nonsense, the market bought it! The US dollar fell by 9% this year, and all funds went to Bitcoin for risk aversion.
- Bad news: The Fed refuses to cut interest rates, Powell said he would wait until June. US inflation soared 0.64% in 18 days. If it continues like this, there may not be a rate cut this year! There are too many leverage dogs now, with a buy-sell ratio of 1:4.3. The dealer can easily break through 100,000 and blow up a lot of people!
Instructions:
- Short term (1-2 weeks): If it does not break 108,000, you can bet with a small position that it will rise to 115,000. If it breaks, wait for 95,000 to buy at the bottom.
- Mid-term (after June): Keep a close eye on the Fed’s June meeting. If there is an expectation of a rate cut, go for 120,000. If inflation explodes, be ready to run!
- Long term: Institutional entry is a major trend, and 200,000-250,000 is possible by the end of the year, but be careful of black swans (such as a global ban or a collapse of US debt).
Summary: There may be a short-term correction, but the big investors are strong enough to support the bottom! The Fed and inflation data in June will determine life and death, so don’t go all in now, do it in batches!
How high do you think this wave will reach? Should we buy the dip or sell out now? Let’s get started in the comments section!
Follow me and I will give you signals before the surge or plunge! 🚀