The market is changing rapidly, and trading is all about the present moment. You sing whatever song fits the mountain you are on. Bitcoin has broken through eighty-eight thousand, which means it has completely emerged from its previous position, right? Previously, it was at the eighty-eight thousand level, which dates back to last month, March 7th. It took a month to return to the eighty-eight thousand position, indicating that Bitcoin's bullish trend is set to test the upper range of ninety-one thousand three to one hundred thousand two thousand dollars. It will challenge the previous market peak again. It can be observed that Bitcoin's daily chart has actually broken the zero axis. Every time it breaks the zero axis, it signifies a huge upward momentum. Each time it crosses the zero axis, its performance has been quite good, usually resulting in a rebound of more than 10%, indicating that this wave will see levels above ten thousand dollars with roughly a 14% increase. Bitcoin has such momentum, and based on historical data, every time it crosses the zero axis, its performance has been very impressive. Before the end of June, Bitcoin is expected to reach a level above one hundred thousand dollars, which is a very optimistic scenario.
Of course, we can see that the current data has changed significantly. Stablecoins are gradually increasing, and market funds are being injected. It can be observed that Bitcoin's spot ETF saw inflows from institutions on the 21st, indicating that everyone is once again confident in the entire market, with approximately four thousand Bitcoins flowing in. The greed index has turned neutral. I suggest not to open all short positions easily; in the future, bulls will charge ahead and create huge upward momentum, breaking into the range of ninety-one to one hundred thousand dollars as the next target price for Bitcoin.
The balance of Bitcoin wallets is gradually decreasing, right? From previously holding two million two hundred twenty-three thousand Bitcoins, it has gradually decreased to two million one hundred seventy thousand over the course of a month, resulting in a reduction of sixty thousand Bitcoins. This means that at least someone has bottomed out with sixty thousand Bitcoins. Large institutions hold the majority, leaving very little for retail investors. In this wave, retail investors have mostly faced liquidation. From the liquidation chart, resistance is at eighty-nine thousand, and support is at eighty-six thousand five hundred. In seven days, the support and resistance points remain the same. Eighty-nine thousand dollars indicates there will be considerable breakthrough potential. I wonder if it can break through today; it is very likely to break eighty-nine thousand tomorrow or the day after. Currently, the entire crypto market is showing a one-sided trend, and the bullish scenario has been established. Everyone should seize this wave.
#比特币走势分析 Will there be an altcoin season at the upper levels? Litecoin has also shown a slight rebound at the lower levels, but it hasn't pierced the zero axis, so its momentum cannot grow. Previously, after breaking the zero axis, there was a good performance, but currently, it has not crossed the zero axis yet. It needs to wait a bit more; after some volatility, it may produce a strong upward momentum. For ADA, there was a false drop followed by a rapid rebound, and it is gradually approaching the zero axis intraday. Each time it breaks the zero axis, there is a strong breakout. Previously, after it broke the zero axis, it saw nearly a threefold increase. This time, if it rebounds from this position, will it break higher? It's possible, right? During the previous bull market, it rose to nearly three dollars, but it hasn't broken a new high yet. For Ethereum, it is rebounding a bit and then dropping a bit at this position, with many institutions and retail investors frantically selling their chips. Now is definitely an opportunity for Ethereum. I believe I will buy some Ethereum at this position; my position may be small, but I think it is not a big problem to earn a 50% return in the future. That's all for today.
