The market often moves out of a recovery phase in advance, before major positive catalysts actually land.
Looking back at the previous cycle: Bitcoin rose from 16K to 32K, with a long period of consolidation in between. What truly drove the rally toward 40–50K first was the market’s speculation and excitement around an ETF. Once the ETF was officially approved, it sparked a new leg of the main uptrend, ultimately setting a new all-time high.
This cycle may well follow a similar path. After a period of consolidation to build momentum and the re-accumulation of positions, if subsequent real, substantive positive catalysts arrive, the long term still has the potential to push toward 100,000+.
But make sure to distinguish this: this is only a long-term projection. We have already gone through a sizable wave of gains. At high levels, a cooling-off phase is very possible, along with repeated pullbacks and whipsaws.
Just because the long-term outlook looks bullish doesn’t mean you can blindly go all-in on the short term. Even with a long-term bias, it doesn’t mean the market won’t experience sharp pullbacks in the near term. For now, you still need to stay cautious, manage position sizing, and don’t use long-term assets as collateral to trap yourself with short-term trades.
Good night
$BTC #比特币受阻于81000美元50周均线 #香港7月对内地黄金净出口56.193吨 #BTC触及80000美元
Looking back at the previous cycle: Bitcoin rose from 16K to 32K, with a long period of consolidation in between. What truly drove the rally toward 40–50K first was the market’s speculation and excitement around an ETF. Once the ETF was officially approved, it sparked a new leg of the main uptrend, ultimately setting a new all-time high.
This cycle may well follow a similar path. After a period of consolidation to build momentum and the re-accumulation of positions, if subsequent real, substantive positive catalysts arrive, the long term still has the potential to push toward 100,000+.
But make sure to distinguish this: this is only a long-term projection. We have already gone through a sizable wave of gains. At high levels, a cooling-off phase is very possible, along with repeated pullbacks and whipsaws.
Just because the long-term outlook looks bullish doesn’t mean you can blindly go all-in on the short term. Even with a long-term bias, it doesn’t mean the market won’t experience sharp pullbacks in the near term. For now, you still need to stay cautious, manage position sizing, and don’t use long-term assets as collateral to trap yourself with short-term trades.
Good night
$BTC #比特币受阻于81000美元50周均线 #香港7月对内地黄金净出口56.193吨 #BTC触及80000美元