The current market's FOMO sentiment has been pushed to the extreme, and the dual effects of short squeeze and long inducement have also worked.
Future trend deduction: In the short term, Bitcoin may fluctuate at a high level above 94k for a period of time, and then usher in a correction, with the first target being 84k. After reaching this position, it is expected to rebound to the 90-96k range.
In the long run, the key support at the weekly level is the ultimate bottom-picking point, which will gradually move up over time. At present, this support is roughly in the 68-70k range. If Bitcoin can be bought at a price starting with "7" in the first quarter of next year, even if it is trapped in the short term, the time period will not be too long.
For the top prediction of the bull market, I think Bitcoin is expected to peak at around 150k, and this point is expected to be reached around October next year.
