A whale sets "ten major goals": It will become increasingly difficult to see Bitcoin below $60,000 in the future

Odaily reports that a whale, known as "Set Ten Major Goals First," posted on X platform, stating that they quickly re-established long positions after closing their short positions because their medium to long-term view has not changed. He believes that the key demarcation zone of the previous bull market was around $60,000. Currently, the mainstream Bitcoin mining cost is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly rebounded after dipping to a low of $58,000, confirming the support strength of this zone. He believes that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to chase shorts from the current position is not favorable. After Bitcoin completed its consolidation and handover within the $58,000 to $63,000 range, it completed its correction and firmly reclaimed the area around $66,000. The market now possesses the conditions for further upward movement, and a high-volume bullish candle pushing Bitcoin above $72,000 is a possibility.

He also stated that the current valuation of US stocks, particularly the AI-related sectors, is relatively high, and future volatility may increase. Furthermore, Bitcoin's correlation with US stocks has significantly decreased compared to past cycles. With continuous inflows of institutional capital and the continuous strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend.

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