When the price of Bitcoin stands above $85,000, the characteristics of a bullish market are significant.
On-chain data indicates that long-term holders have increased their holdings by 250,000 coins, and MicroStrategy has also made another purchase, showing strong upward momentum and successfully breaking through; it is difficult to see new lows in the short term.
If the price retraces to $86,000, investors can still consider going long, keeping the stop-loss around 2%.
Ethereum (ETH)'s Prague upgrade is scheduled for deployment on the Hoodi testnet next Wednesday. When the price retraces to $2,065 or $2,030, it will be a good opportunity to go long, with a stop-loss set around $2,020.
Solana (SOL) is currently showing a positive trend, and attention should be paid to whether it can firmly stay above $137. Bullish investors can enter when the price retraces to $137 and $134, with a stop-loss set at $133.
As long as Bitcoin maintains above $85,000, the market is likely to show a continuous slight upward trend. Even if there are occasional drops, they are mostly quick spikes followed by a rapid rebound.
As we gradually approach the interest rate cut points in May and June, the market will accelerate into a short squeeze. Before the benefits of the interest rate cut are realized, investors can adopt a buy-the-dip strategy.
