Bitcoin New High, All-In Surge

Don't sleep, if you do, the bull will run away, take off, full takeoff, congratulations to Bitcoin for breaking the historical new high, it's our turn to celebrate. But the question arises, how should we look at it next? Haha sister is no longer laughing, the air force is also crying, after experiencing 8 months of correction, the market has finally reached a new high, many people may have lost confidence after being ground down, and those who were washed out early are definitely not few.

So is the next phase a new bull market or have we already peaked? Undoubtedly, it cannot be at its peak now, I personally think it's a new phase. Following this momentum, there might be two more interest rate cuts this year, reaching 85,000 by the end of the year is very possible (in two months, two interest rate cuts and another increase of 10,000 dollars is quite feasible). Moreover, from a historical cycle perspective, it generally starts to rise steadily about half a year after a significant drop and halving. However, this does not mean that a bull market will definitely lead to guaranteed profits, why? Everyone's approach is different, and their understanding varies, in the future, more institutional regular troops will continuously enter the market, and we retail investors may face more challenges.

Returning to today's market analysis, from the K-line perspective, BTC seems to be going up on the hourly level, while the 4-hour, 12-hour, and daily levels indicate an upward trend, with an intraday resistance level of 77,000 and a support level of 73,800 dollars.