$BTC btc, as ETH and other coins started to pull back. Two days ago, I specifically explained to a friend about this. This BTC/ETH rally is market strength, but you can’t say a bull market is here yet. My view is still the same: we are in the late stage of a bear market, and there will be chances to get in later. If I can give everyone a chance to get in, then everyone should decisively buy the major coins and ride the bull market—this matters a lot for everyone’s capital. Don’t overreact with FOMO; in the crypto world, there are always opportunities.
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三鹅儿的老公
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$BTC What a great question—you must be an old friend from back then. Maybe you changed your name, which is why I don’t have much of an impression. I’ll answer this question in detail for you. Now BTC is clearly strengthening, but it’s still not suitable to directly call for a new bull run. ETH is also following the strength, but for now it’s still weaker than BTC in terms of capital confirmation. I think the market has already turned noticeably stronger, but it’s not yet time to blindly chase the rally.
In this BTC breakout above 85,000, the core drivers are oil prices and US Treasury yields falling, risk appetite recovering, plus ETF inflows returning and short-sellers getting squeezed. Next, whether BTC can hold above 85,000 is more important than how high it can surge to. After it holds, there’s a chance the market can continue to open up more upside space. But if it quickly falls back below the breakout level, you need to be careful about pullbacks after the short squeeze ends.
We’re still in the late stage of a bear market. There will be opportunities to get on board later. I actually want to ask everyone a question: if BTC were to pull back to 78,000 and ETH to 2,400, would you be able to confidently go long and hold until the bull market? I think the answer to this question will directly determine your trading behavior and your subsequent profitability—your assumptions, your actions, and your positions.
In this BTC breakout above 85,000, the core drivers are oil prices and US Treasury yields falling, risk appetite recovering, plus ETF inflows returning and short-sellers getting squeezed. Next, whether BTC can hold above 85,000 is more important than how high it can surge to. After it holds, there’s a chance the market can continue to open up more upside space. But if it quickly falls back below the breakout level, you need to be careful about pullbacks after the short squeeze ends.
We’re still in the late stage of a bear market. There will be opportunities to get on board later. I actually want to ask everyone a question: if BTC were to pull back to 78,000 and ETH to 2,400, would you be able to confidently go long and hold until the bull market? I think the answer to this question will directly determine your trading behavior and your subsequent profitability—your assumptions, your actions, and your positions.