The market changes rapidly, and trading is all about the present. Whatever mountain you’re on, you sing that song. Bitcoin has surged like a big bullish candle, rising directly from just over $74,000 to $93,000 in about two weeks, an increase of nearly 25%, and the price still hasn’t stopped. So, has this wave of Bitcoin ended? This market has completely opened up, so its upward potential is still there.
First, let's talk about the current situation of stablecoins, which are experiencing an increase in issuance. There has been an inflow of 10,000 Bitcoin spot ETFs, and the greed index has risen to 72, going from neutral 37 to 72 in just one day. The maximum pain point has reached between $88,000 and $92,000 to $85,000. The balance of Bitcoin wallets is showing an increase. The Bitcoin liquidation map is clearly one-sided, indicating that the bulls have taken a certain position. The altcoin season is slowly sweeping back in. Previously, from August to December, there was a four-month altcoin season. How long will this altcoin season last this time? Wang Yun believes it will also last four months until August, reaching the peak of the altcoin season. Currently, there is a very large potential opportunity.
In the last article, we mentioned that you should buy Ethereum, right? Yesterday, it was around $1,600, and I made it very clear. Everything is possible now, and we might face a huge surge next. Moreover, the price of gold is also within our expectations. Previously, we said that the gold price had reached its peak, and if it surpasses $3,000, it should be gradually sold off. If you have been selling during this period, you wouldn’t have been stuck at the peak. The $3,500 position is already a state of gold at its top. It might show an oversold and overbought phenomenon, meaning that when everyone thinks buying gold will make money, the market will enter a state of absolute peak. When Bitcoin was at $70,000, I told everyone to buy the dip. Looking back now, what I said still proves my point.
Bitcoin has shown a strong upward momentum after crossing the zero axis in just 14 days, stronger than ever before. Every time it crosses the zero axis, its upward momentum is very strong. If it can rise by 80% to 90%, the price of Bitcoin could reach the $130,000 to $150,000 level. We need to see how long this momentum can last. If anyone wants to follow Wang Yun's actual trading operations, you can contact Wang Yun to join the VIP team.
Currently, the total market value of Bitcoin has undergone a dramatic change, reaching over 60%, indicating that its dominant position in the bull market has not changed, and the market continues to progress. We are looking at how far Bitcoin can surge this time; currently, there is a chance it could break through $110,000. With the U.S. reserve plan continuing and the approval of altcoin spot ETFs and Ethereum spot ETF staking, I believe this market movement will definitely surprise everyone, especially Ethereum. Fortunately, I bought Ethereum when it was a little over $1,500; otherwise, I would be regretting it now, as all positions in Ethereum have already been liquidated. If you don’t buy, it’s basically impossible to accept this situation. That’s all I have to say today.
