Bitcoin experienced a slight pullback last night, but it remains strong. In fact, the range of 90,000-96,000 is a strong resistance level. Given such strong resistance, the pullback is very limited, which is enough to show that the current buying pressure is very strong. If it can maintain stability, it is highly likely to break through the 100,000 USD mark. What we are currently facing is the narrative of hedging risks, against the backdrop of Trump's American credit crisis, where a large number of institutions and professional investors are entering BTC to hedge against this dual risk of inflation and credit.
Bitcoin is transitioning from a risk asset to a store of value asset. The signs and signals of this transition are very strong. Once a broad consensus is formed globally, Bitcoin will officially enter a perpetual bull market.
The rebound in altcoins will not end suddenly; there will be a pullback after the short-term rebound, but it will continue, likely lasting until early May.
Brothers, gather in the chat room:
