Today, the Bitcoin market opened and easily broke through the 86k fluctuation platform, approaching the previous resistance level near 88k. This breakthrough feels effortless, with little resistance. A few days ago, it was mentioned that 83k could be used to build a base position; after breaking 88k, that's when the starting gun went off, and now it's stuck at 88k, just waiting to see the European and American markets.
Several data points from the U.S. are worth noting: 1. At 8:00 UTC+8, the dollar index plummeted from 99 at the opening, and as of writing, it has dropped over 700 basis points, approaching -0.79%, nearing 98. The U.S. ten-year Treasury bond also experienced a flash crash, with a yield increase of 390 basis points, close to a 1% rise, and the S&P 500 futures are down 1.26%, continuing to decline before the market opens. Meanwhile, gold is nearing the 3400 mark. This indicates high market risk aversion, and part of today's price increase may be due to inflows of safe-haven funds.
In summary, Bitcoin is at the 88k resistance level; for those who haven't entered yet, should you chase it? I think it's worth watching the reaction of the U.S. market. If you're afraid of the high, consider looking at alternatives. For those already invested, I won't say much; whether you want to take profits or wait to add to your position is up to you. As for shorting, I am optimistic about future trends and personally will not short. The above views are for reference only and should not be considered investment advice.