Bitcoin surges to $108,000! Is it a trap or the rallying call for a bull market?

Keep an eye on these three landmines

Bitcoin breaks through $108,000, setting a new historical high, while the feud between Trump and Musk suddenly intensifies. The market is buzzing with rumors that the 'Truth Social Bitcoin ETF' is set to launch, a plot twist more surreal than a TV drama! However, when I dig past the excitement, I uncover a few deadly details:

① ETF rumors may have hidden motives

The so-called 'Trump Media supports the Bitcoin ETF' is likely just a smokescreen. A check on the SEC's official website reveals no application records, but it was discovered that Trump's team cashed out $280 million in TRUTH stock last week. This is an old trick of the market manipulators—when you hear good news, the smart money is already retreating.

② Technical indicators hide dangers

Although it has surpassed $108,000, the daily MACD histogram has been shrinking for three consecutive days, showing clear signs of a potential top divergence. More concerning is that there are 580,000 BTC sitting in the resistance zone at $114,000. To break through this level, whales need to join forces, but currently, the net outflow of large whales on-chain has surpassed $720 million.

③ Trump vs Musk = Market meat grinder

The feud between these two giants is definitely a formidable weapon: Just after Musk declared 'Bitcoin may replace the dollar,' it was revealed that his company had sold off 3,800 BTC in the past week. Trump publicly claims to support cryptocurrencies, but his backer Citadel is secretly shorting Coinbase stock. When political figures take the stage, it’s often when the scythe is sharpest.

As for the next strategy, I plan to explore those altcoin profit opportunities with everyone, expecting returns to multiply by 10 without issues. Like and comment, and I’ll guide you through the entire bull market!