Whale "First Set 10 Major Goals" Rebuilds Long Position: Bullish on BTC Challenging $100,000 by March Next Year

Odaily reported that the whale "First Set 10 Major Goals" stated that after closing his previous short positions, he has re-established a long position in Bitcoin (BTC) and continues to maintain his medium to long-term bullish outlook. The key support area in the last bull market was around $60,000, and the current mainstream Bitcoin mining cost is also concentrated in the $50,000 to $60,000 range, making this area a strong support level. Previously, BTC quickly rebounded after dropping to a low of $58,000, further validating his assessment of the area's absorption capacity.

He believes that over the past month, Bitcoin has completed sufficient consolidation and handover of positions within the $58,000 to $63,000 range. Now that it has firmly established support around $66,000, the market conditions are ripe for further upside. It is possible that we could see a surge in volume and a breakout above $72,000, initiating a new upward trend. Furthermore, valuations in the US stock market, particularly in AI-related sectors, are already at elevated levels, which could lead to increased volatility in the future. Meanwhile, Bitcoin's correlation with US stocks has significantly decreased compared to past cycles. With continuous institutional capital inflows and its strengthening asset attributes, BTC is gradually forming an independent market trend.

Barring any systemic risks, the probability of Bitcoin falling back below $60,000 is decreasing. He predicts that BTC has a high likelihood of challenging the $100,000 mark again around March next year. However, he emphasized that being bullish does not mean ignoring risks. Currently, the long position has set a price range of $61,500 to $64,000 as its invalidation zone. If the market breaks below and validates a wrong judgment, he will execute a stop-loss, stating: "Opinions can change, but discipline cannot." The core of trading is not about making a profit on every trade, but about controlling losses when the judgment is wrong, and letting profits run when the trend is correct.