May 21, 2025, Morning Sharing and Discussion

BTC continues to rise and break new highs, still needing over 2000 points to reach 109588. It took more than 2 months to drop from 109588 to 74000, while it only took a little over a month to rise from 74000 to 107320. This past month saw three fluctuations leading to a quick breakthrough without any hesitation. Now we just need to see how long it takes to break the previous high and in what manner (fluctuating upwards or a direct break). The manner of the breakthrough is particularly important.

Yesterday, I shared that BTC has been rising for 6 consecutive weeks and remains strong. Now we need to see if it can break the record of 8 consecutive weeks of highest rises since October 2023. The last time the 8-week consecutive record was set, it directly initiated this round of a small bull market.

Recently, I read an article stating that before a major bull market arrives, there will be a dual explosion of long and short positions, leaving everyone unsure about when to place orders, leading to psychological interference until their mentality collapses.

BTC's upper breakout today: 107320; lower defense: around 104000. The recent daily and 4-hour fluctuations are quite large, so cautious trading is advised, as a small mistake could lead to significant losses.

Summary: After BTC rebounded from the low of 74000, it has risen for 7 consecutive weeks. Let’s see if it can break the record of 8 weeks of continuous rising. If BTC drops slightly, other altcoins will plummet; only if BTC remains stable can altcoins rise. Therefore, for short-term traders, it's best to take profits and not be greedy, while long-term holders should patiently wait and analyze after surpassing 109588.

Disclaimer: This article is for reference only and does not constitute investment advice. The market carries risks, and investments should be made cautiously, with profits and losses borne by the investor.