Just now, the price of Bitcoin soared to $112,014, setting a new all-time high, and the market has been lifted! But altcoins have shown no movement! Is the bull market really here or not?
Regarding the policy side, the U.S. stablecoin legislation, institutional funds entering the market, and the approval of Bitcoin ETFs have brought a lot of heat to the market, causing prices to shoot up. Bitcoin supply is lacking, and a bull market sounds good, but looking at the K-line, after the weekly oversold rebound of 16.14%, the monthly line seems to be peaking around $108,000-$110,000, and a short-term correction may be needed.
In terms of market trends, institutional funds are entering the market, and this bull market feels different from previous ones with its ups and downs; large surges and drops are unlikely. The main funds are still present, and market sentiment remains bullish, but chasing high positions could be risky. If the price retraces to around $105,000, it’s still a good opportunity to buy in batches; if it breaks through $115,000 and stabilizes, adding to positions would not be too late. But if it falls below $100,000, it’s time to exit quickly!
Operational suggestion: wait and see first, and wait for a pullback to around $105,000 to enter, with a target of $115,000 and a stop-loss at $100,000. The bull market is still on, but don’t be the one stuck holding the bag!
#BTC再创新高