《Bitcoin Soars to 120,000: Institutions Pour Money In, Are Retail Investors Being Harvested? Three Sentences to Understand What's Going On!》
The Crow summarized:
1. Why is it rising?
American institutions are pouring money into buying ETFs (BlackRock attracted 2.75 billion in a week), MicroStrategy is hoarding 550,000 coins, with enough money to buy the entire Ukraine. Ironically, U.S. bonds are being wildly sold off, and all the money is flowing into Bitcoin, which has become the 'new safe haven king'.
2. Can it reach 120,000?
There is an 80% chance: the technical outlook is like a fully drawn bow (the Bollinger Bands are wider than the mouth), targeting 120,000-150,000. However, May 30 is critical: 14 billion dollars in options expire, and if the price hits 102,000, it could crash, so retail investors should keep their heads cool!
3. What should retail investors do?
Buy the dip below 100,000, chase the rise if it breaks 113,000, and keep leverage under 3 times (otherwise, you could be liquidated in an instant). Remember the mantra: 'If it rises to 120,000, don’t go all in; if it drops to 80,000, don’t cut losses', after all, last time at 190,000, retail investors were still standing guard at the peak!
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