The current rise of Bitcoin may just be the beginning, not the end. Previously, when the price fluctuated between 92k and 95k, many retail investors chose to take profits and exit because they couldn't hold on, while institutions quietly took over at this level. Although the price of Bitcoin was already high, institutions clearly have longer-term plans. The sharp sell-off on April 30 washed out many weak-handed retail investors, and then institutions quickly pulled the price back to 97.5k, indicating that this operation is clearly preparing for a subsequent rise.
This method of first selling off and then raising the price is very similar to institutions controlling the market, with the goal of making retail investors lose patience during the fluctuations, ultimately handing over their chips in panic. A similar situation occurred last November, and if we can see continued capital inflow, it is very likely to replicate the explosive trend at that time, making it just a matter of time before breaking through the 110k mark. However, if the capital doesn't keep up, the market may once again enter a consolidation phase, just like in late April. Therefore, the key now is to observe the subsequent capital trends, stay alert but not overly pessimistic, and the focus should be on maintaining a good holding rhythm.
The market is constantly changing, and we are closely monitoring the market to seize new entry opportunities. Like + comment, let's navigate through the bull market and firmly grasp this big opportunity.
