Bitcoin has really taken off recently, skyrocketing to a new high of $123,000 in mid-July, and now hovering around $119,551, feeling like this surge isn't over yet. The main reason is that large institutions are buying heavily, with significant ETF inflows, and MicroStrategy is still increasing its holdings. The U.S. Congress has organized a 'Crypto Week', and policies may become more favorable, which everyone is optimistic about.

Technical and Future Outlook

Technically, $110,000 is the support level; if it drops to that point, there will be buyers; $125,000 is the resistance level, and if it breaks through, it could head straight to $130,000. The RSI is above 60, and the MACD has a golden cross, indicating a bullish short-term outlook. In the long term, experts say it could reach between $145,000 to $162,000 by the end of 2025, and possibly break $450,000 by 2030! However, the market is highly volatile, and policy changes could lead to corrections.

Investment Advice

Newbies can dollar-cost average, buying at fixed points each month; experienced traders should focus on the $110,000 and $125,000 levels, buying low and selling high, and avoid using too much leverage. Remember, Bitcoin is a gamble in the short term, but a belief in the long term. Don't let short-term fluctuations affect your mindset; there is potential for the long term!

For short-term recommendations, Bitcoin can be shorted around the 120k mark, looking down to the 118k-116k range; Ethereum can be watched around 3950, looking down to the 3900-3850 range.#BNB创新高 #