玲峰资本

Bitcoin has plunged. Next, BTC will drain liquidity. Major coins and meme coins are all going to plunge. One last drop. Get positioned well this year. 2029 will be harvest season.

Big market move today, but trading volume ended up being low.

Bitcoin has broken through $70,000. The scale of the bull market is unimaginable. In the short term, watch for $71,000. The long-term bottom has yet to appear.

The monthly chart is around 70,000 now. The monthly candlesticks have basically finished correcting. It’d be even better if we got a quick wick down to around 67,000. For now, I can’t imagine calling this a huge bull market, nor can I imagine calling it a huge bear market. I’ve been saying for a year that a major bear market is unimaginable, and I missed this year’s rally. This time is different from the previous four-year halving cycles, so prices are lower. If there’s good value, I’ll go for it.

Bitcoin will definitely break $70,000. And once it does, there should be a rebound.

Bitcoin monthly chart targets 70,000

The fear index is at 20. Bitcoin is at $71,100—roughly $70,000. I won’t make trading calls; a major bear market seems unimaginable now. The overall four-year halving cycle remains unchanged, though there may be some margin of error. We’re currently in the bottom range. At $71,100 or $70,000, it makes little difference if you’re targeting $150,000–$250,000 by 2029. There’s not much difference between buying at $60,000 and $70,000.

Bitcoin is at $71,800. The monthly chart is pointing to $70,000. One last drop.

Bitcoin keeps testing the bottom. It could break below 70,000. The final drop will be one last test of the low at 57,800.
It's hard to imagine people calling for a massive bull market starting next year.

It’s too early to call this a major bear market—it’s hard to imagine. One last drop. The monthly chart points to $70,000. Let’s see whether the Fear Index can fall to around 10 at $70,000. A reading of 10 would signal that a bottom may be in.

Bitcoin at 75,000 is actually very good value.
It’s hard to imagine people calling it a major bull market below 70,000. This year’s bear market is basically almost over. There’s one last dip.
It’s hard to imagine people calling it a major bull market starting next year. Bitcoin’s target for the 2029 bull market is $150,000–$250,000.

One last dip, and Bitcoin is at $70,000.
Bitcoin still has a 60% market share.
That's why 99% of coins can't outperform Bitcoin.
Bitcoin has a solid floor, with institutions and central banks starting to buy in droves. We can see that Bitcoin hasn't fallen much in this downturn. And it's highly unlikely to undergo another deep correction.

Bitcoin's daily trading volume on Binance has reached $27 billion.

The nonfarm payrolls data is very strong, and U.S. employment data is very strong.
Nonfarm payrolls actually reached 160,000. Expectations of an interest rate hike are fairly strong. Bitcoin's final drop on the monthly chart is testing $70,000.

Nonfarm payrolls were strong. Rate hikes are bearish.

Taking off.

Bitcoin trading volume on Binance has reached $14.5 billion.

Bitcoin is about to hit 80,000

The low for this move is most likely 57,800.
In the short term, Bitcoin may first rise to 80,000, then continue with the final leg.

The final drop