$BTC
📈 Bitcoin surged over 10% overnight! Trump ignites the 'crypto nuclear bomb'.
Last night, Trump's Twitter account stated that he is considering including XRP, ADA, SOL, and other coins in the national strategic reserves, causing ADA to rise nearly 80% within two hours. He then added that BTC and ETH's indelible status led to a significant market pullback overnight, triggering FOMO sentiment.
💡 Investor Strategy: Go with the flow, strictly adhere to risk control.
After last night's rise, Bitcoin's weekly chart also bounced back to the 94k price after successfully testing the 50 EMA. The weekly chart left a lower shadow of over 16k. This must be an important factor for a bullish outlook on the larger timeframe.
Currently, Bitcoin's price has retraced to the key level of 91k after rising to 95k, testing support strength.
Bullish Factors:
Policy expectations continue to brew: Trump's reserve plan details may be announced in the coming weeks. If Bitcoin is clearly defined as a core reserve asset, it could attract more traditional capital.
Derivatives market bets on $100,000: Options data shows a large number of contracts betting on Bitcoin breaking $100,000 by the end of the year, with short-term sentiment leaning bullish.
Long-term Outlook: Halving cycle + mature ecosystem, bull market foundation solidified.
2024 halving effect delayed: Bitcoin's halving occurs every four years, and the supply contraction after 2024 will further highlight in 2025, keeping the long-term bullish logic unchanged.
Key Bullish Signal:
Bitcoin's market share is still around 60%. We'll see if altcoins can catch up in the next couple of days. The strong signal for a complete bull market return is when altcoins start to surge, and Bitcoin's market share begins to plummet.
