Did you know? Bitcoin's daily chart has started to golden cross again, and the previous wedge consolidation has also broken out. The overall trend looks like it can rise a bit more.

However, Bitcoin's rise requires massive capital, which may reverse drain altcoins and involve a bit of short-term pain.

From a short-term perspective, Bitcoin has risen from 112,000 to 122,000 this time, which is a bit too much; a slight pullback is actually normal and could pull back to around 120,000. We had already deployed long positions before Bitcoin broke out, and we clearly benefited from this increase.

From another perspective, we also need to pay attention to the performance of the U.S. stock market. If the U.S. stock market forces a correction, the crypto market will likely follow suit. I think this time Bitcoin might eventually touch the previous high, but whether it will be a false breakout, we will see at that time~