Bitcoin continues to break historical highs, how long can this last?
Bitcoin has been very strong these past few days, consistently breaking historical highs, leaving many people missing out. The market manipulators won’t give any buying opportunities, and it’s estimated that a peak is likely during the interest rate cut period. The market will still be bullish, the trend has not changed, and currently, there are no signs of a bearish market. Therefore, if the entry price was good earlier, just continue to hold. It is not advisable to plan short positions in the short term; we need to trade with the trend to gain significant profits. Today, pay attention to the support level at 113,000. I’ve been suggesting to buy at lower prices for a while, and it’s within expectations that it can break historical highs and rise smoothly. I made it clear at the beginning of this month that such a rapid rise within a short time is beyond expectations.
Ethereum had mentioned yesterday that as long as it stabilizes above the previous high, we can look at the 3000 price. The market has successfully reached this point, and it’s expected to consolidate a bit before continuing to break through. For those who entered below 2500, just hold on; this is not the end; this is just the beginning!
Solana was also previously mentioned to be above the lifeline. With Bitcoin hitting new highs, Solana will also continue to strengthen. It is expected to oscillate upward after the breakthrough, so let’s wait for a broad rally.
XRP is performing as expected, stabilizing above 2.35 and rising to nearly 2.6. For those already in, just continue to hold; this position is solid!
BGB is currently forming an N-shape, and the rebound strength is expected to be limited, but this does not affect long-term holders. Those who should watch can watch, and those who should enter can enter.
doge is trending upwards as anticipated; after all, we have emphasized Dogecoin in the recent past, and the entry price was at a low point. Just hold on patiently; if there is a decent correction later, we can continue to plan for it. Wait for it to stabilize above the 0.2 price, then it will break the previous high and reach even higher prices.