Bitcoin breaks through the $100,000 mark, reaching a new high. What are the driving factors? What potential impacts will it have on the global financial market?
BTC breaking through $100K is an inevitable event and a significant milestone.
Global funds, driven by FOMO, will flow more into ETFs.
Retail investors, following the trend of FOMO, will also quickly rush into the crypto space in the short term.
This will directly lead to a significant month for the crypto market in December.
BTC will continue to break upwards in December.
In other words, we might see $110K relatively soon.
However, the risks have not disappeared.
It is precisely because the $100K breakthrough happened too quickly.
There hasn't even been a proper correction.
The $100K level has been breached just like that.
Risks have accumulated.
Although liquidity has been improving.
The foundation of this $100K is not solid.
So when $100K attempts to break above $120K,
it may trigger a significant correction.
At that time, the level of correction could very likely be 30%+.
So, while you all enjoy the BTC frenzy,
don't forget to manage your risks.
I have been preparing for the upcoming strategic entry!!!
Comment 168 to get on board!!!
Endless cycles, endless cycles, endless cycles!!!
Important things are said three times!!!
