Bitcoin is unpredictable in the short term, but no prediction is needed in the long term. $100,000 is just the beginning, and one day it will reach $1 million, while for most people, this is a process of separation from the 'cake'.

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Today's market dynamics

1 - Sun Yuchen: Trump believes the United States has become the hottest area for blockchain and cryptocurrency.

2 - Nasdaq-listed company Semler Scientific purchased $50 million in Bitcoin again, while facing legal investigations.

Nasdaq-listed medical technology company Semler Scientific recently announced it has purchased an additional $50 million in Bitcoin, bringing its Bitcoin holdings to 4,264 coins, valued at approximately $466 million at current prices.

3 - Governments and sovereign wealth funds are increasing investments in Bitcoin ETFs, with de-dollarization as a major driving factor.

On May 24, Cointelegraph reported that governments, national pension funds, and sovereign wealth funds are increasing their investments in Bitcoin ETFs. This trend is mainly driven by factors such as de-dollarization, changes in the energy market, and increased institutional confidence.

Yesterday's market:

Bitcoin: Lowest point 106787 Highest point: 111794 Amplitude 4377 points

Ethereum: Lowest point 2498 Highest point: 2733 Amplitude 234 points

Today's market:

Ethereum: Hit the previous high of 2740, faced resistance and fell back to around 2550, distance

Still 100 points away from the bottom of the fluctuation zone around 2400, the village chief recognizes

This is a continuation pattern for the rise, friends in the spot market need not worry.

Bitcoin: There was a 4% correction yesterday, cooling down the overheated market.

Cooling down, the daily level rise has not yet broken the upward trend.

In the medium term, still bullish, but getting closer to a major correction.

🟠 Summary: Short-term correction, medium to long-term bullish continuation, buying Bitcoin is the main force.

Converted to institutional and government sovereign funds, each correction won't be like

Just like the previous bear market correction of 70%, the subsequent correction of 30% is coming in continuously.

The broken funds will rush in, brothers give up on the 4-year bull-bear cycle.

The experience indicates that a long bull market is on the way.

Written at the end

Please always remember, in the cryptocurrency market, only a few can make money, the vast majority are losing money.

The bull market has arrived, think clearly about one thing: who makes money in a bull market, who provides the money. A big bull market is a large transfer of wealth, more likely to transfer your money to others. Retail investors should be in awe of the bull market.

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