Market sentiment: Most people are still skeptical, but smart money has already entered.
In the early stages of the bull market, retail investors are often still immersed in the shadow of the bear market, hesitating, while institutions and large funds have already completed their layouts.
On-chain data shows that whale addresses continue to accumulate BTC, MicroStrategy has increased its holdings by more than 180,000 this year.
Market sentiment indicators (such as the fear and greed index) are still in a neutral range and have not yet entered the 'extreme greed' stage.
Historical pattern: The bull market peak is often when retail investors are the most irrational, while the market is still in a 'half-believing, half-doubting' phase.
Bitcoin halving cycle: 2025 is a key breakout year.
Bitcoin's halving occurs every four years, usually followed by a major upward wave within 12-18 months.
Halving in April 2024, based on historical patterns, 2025 is the price explosion period.
Institutional predictions: Coin Republic expects BTC to reach $150K-$280K in 2025, Standard Chartered, HC Wainwright, and other institutions are also bullish to over $200K.
Current trend: BTC has broken through $120K, if it stabilizes above $140K, the next target will be $200K.
Liquidity: Institutions + ETF continue to flow in, liquidity is abundant.
Bitcoin ETF net inflow of $32 billion in 2024, institutional funds are still accelerating entry.
The Federal Reserve's policy shift, rising interest rate cut expectations, and improved global liquidity benefit risk assets.
Trump administration policies may further boost the crypto market (such as 401(k) pensions entering the market).
The altcoin season has quietly started, but selective targets are needed.
Mainstream altcoins like ETH, SOL, XRP have started to lead the rise, with funds flowing from BTC.
Sectors like AI, RWA, modular blockchain are favored, such as TAO, AKT, ONDO.
But be cautious: 90% of altcoins will go to zero; only projects with strong fundamentals can survive the bull and bear cycles.
Technical aspect: BTC breaks through key resistance, the upward structure is complete.
Current support level: $112K-$114K; if it falls below, it may pull back to $108K.
Short-term target: $140K (Elliott Wave analyst prediction).
Long-term target: $200K-$250K (institutional consensus).
Trading strategy: How to capture this round of the bull market?
BTC remains the core; accumulate on dips, target $200K+.
Select leading altcoins (ETH, SOL, XRP) + high-growth sectors (AI, RWA).
Avoid high leverage; liquidation in a bull market is worse than in a bear market.
Set profit-taking and stop-loss levels; do not be greedy, do not FOMO.
Conclusion: The bull market has started, but rational participation is required.
The big bull market in 2025 is not a fantasy, but a structural rally driven by the halving cycle + institutional funds + macro easing.
Key points:
It is still early; the market has not yet reached the crazy stage.
BTC target $200K+, but there may be fluctuations in the short term.
There are many opportunities in altcoins, but the risks are higher; selective targets are necessary.
Remember: Making money in a bull market relies on patience and discipline, not on gambling and luck!
People are more important than anything! If you are still moving forward in confusion, you might want to take a look at @crypto Guangge to help you seize every wave of the bull market.