$BTC 5/24

The price of Bitcoin is unpredictable in the short term, but there's no need to predict in the long term. $100,000 is just the beginning, and there will eventually be a day when it reaches $1 million. For most people, this is a process of separating from the 'cake'.

🚩 Yesterday's Market:

Bitcoin: Lowest point 106,787 Highest point: 111,794 Range 4,377 points

Ethereum: Lowest point 2,498 Highest point: 2,733 Range 234 points

Yesterday's Summary: Both Bitcoin and Ethereum have retraced, but did not break support.

🚩 Today's Market:

Ethereum: Attempting to break the previous high of 2,740, faced resistance and dropped back to around 2,550,

still 100 points away from the bottom of the consolidation zone around 2,400. The village chief believes

this is a continuation pattern for an upward trend, friends holding spot should not worry.

Bitcoin: Yesterday there was a 4% retracement, cooling down the overheated market. The daily level's upward movement has not yet broken the upward trend line, and the medium-term outlook remains bullish, but we are getting closer to a significant pullback.

🟠 Summary: Short-term pullback, medium to long-term bullish continues. The main force buying Bitcoin has shifted to institutional and government sovereign funds. Each pullback will not be like the previous bear market's 70% drop; the subsequent 30% pullbacks will see a continuous influx of funds. Brothers, abandon the experience of a bull and bear market every four years; a long bull market is already on the way.