The market is changing rapidly, and transactions are all immediate. Bitcoin fluctuates repeatedly between 95,000 and 100,000 US dollars. The total amount of liquidation in the entire network is as high as 3 billion, but is the bull market really over? Bitcoin's halving cycle will enter a bull market every four years. The price rose by 500, 100, and 20 times in the first three halvings. After the halving in April 2024, the supply dropped sharply to 3.125, and the scarcity increased further. According to the historical law of decreasing returns, the conservative increase after this round of halving is expected to be 4 times, and the target is 80,000 US dollars. The external factors may impact 280,000 US dollars. I think 280,000 is too exaggerated, but there should be no big problem in rushing to 130,000 to 140,000. So now it seems that the peak position of this wave is still close to the level of 110,000 US dollars. There is still a lot of room for improvement. In addition, a good golden cross is formed at the daily level. At this time, we break through the level of 100,000 and 50,000 US dollars. It is time for us to sprint to the high point of the bull market again. Time will speak for you. This round has seen the cost of miners doubled. After the halving, miners need Bitcoin to double times to maintain its income and form the bottom support of the price. Institutions are hoarding coins. We can see that many spot ETFs are frantically hoarding Bitcoin. Although there is a short-term outflow from the Bitcoin spot ETF now, the amount of this outflow is insignificant and not enough to show an impact on the market. Then why is this round of institutional funds a fuel depot for the bull market? Even in this round of institutional bull market, we can see that spot ETF funds have reached 120 billion US dollars. This huge amount of funds is pouring in, and coupled with the approval of ETFs in Hong Kong, Singapore and other places, global funds are accelerating to enter this market. In addition, a company's balance sheet means that Bitcoin must be included in its reserve assets. Trump's crypto revolution has made a lot of contributions in this round of market. Although he also issued coins to reap profits, he also promoted the activity of the entire market while issuing coins. People outside the market who do not understand the crypto circle also entered the market. Trump even abolished the SAB121 policy to allow banks to participate in crypto custody and lower the barriers to entry for institutions. In other words, Trump is very supportive of cryptocurrency this time, and the new chairman of the SEC is still crypto-friendly. A pledge approval for Bitcoin has accelerated market planning, and an approval for Ethereum also allows pledges. It is reported that US states have begun preparing Bitcoin storage plans.#比特币行情走势分析
In the intraday market, the support point of Bitcoin is still 95,000, and the resistance point is still above 102,000. At present, there is a divergence between its volume and price. It directly crossed the zero axis price without a pullback, and a golden cross was formed again below. So we have locked in the upward momentum of Bitcoin again. Coupled with the crazy buying of giant whales in the past few days, Ethereum fell to 2,600 yesterday and then rebounded quickly. No one can withstand this kind of meeting. But he just bought this coin frantically at this time to fill the 1.5 billion US dollar hole in the exchange. Once this hole is filled, we will know which hackers have stolen these coins and formed deflation. This deflation will be sold slowly. After I bought so much at once, it will have a chain reaction, which shows that the entire market is very, very stable. As for how much Ethereum will reach in this bull market, I think it can reach the level of 5,000 US dollars, and optimistically it can reach the level of 6,000 US dollars. So if you are a spot player, buy in batches of 95,000 and stop profit in batches of 100,000. The long-term goal is to reach 1.34 million US dollars. The bull market is still going on, and every step is full of hidden dangers. If you don't want to become a bull-bear meat grinder, you can find Wang Yun. Well, that's all for today.
