Currently, Bitcoin remains in a strong cycle, with the rising channel on the daily chart staying solid. Recent pullbacks are more viewed as technical adjustments rather than signals of a trend reversal.



The key support levels are concentrated in the range of $108,000 to $110,000. As long as the price does not significantly fall below this area, the market is likely to welcome a more intense weekly rise.

The market seems to be accumulating energy in preparation for a breakthrough of the 140,000 USD mark. Generally speaking, the longer the period of consolidation, the stronger the subsequent rise tends to be. This process of accumulating energy may lay the foundation for the next round of breakthroughs.

However, investors need to remain vigilant. When the price of Bitcoin approaches the target of 140,000 USD, there may be signs of a temporary top. At this time, it is important to pay extra attention to the potential risk of a pullback.

The current investment strategy is relatively clear: gradually build positions near key support levels and patiently wait for the arrival of a new round of rising market conditions. This strategy can both control risks and prepare for a potential strong rise.

It is worth mentioning that although there may be fluctuations in the short term, the long-term prospects for Bitcoin are still viewed positively by many analysts. With the continued entry of institutional investors and changes in the global macroeconomic environment, the digital asset market may face more opportunities and challenges. Investors should consider multiple factors when making decisions and always maintain a rational attitude.
BTC2.29%
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MEVHunterNoLossvip
· 08-06 13:49
Pump to 140k and then Rug Pull.
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MissingSatsvip
· 08-06 13:36
What analysis to look at, just go all in.
View OriginalReply0
SleepTradervip
· 08-06 13:28
Tonight we are going All in.
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AirdropHunterWangvip
· 08-06 13:23
Preparing to sell the house for this wave
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