Whale Sets "10 Big Targets" First, Rebuilding Long Positions: Bullish on BTC Challenging $100,000 Before March Next Year

Odaily reports that the whale, "Set 10 Big Targets First," stated that after closing out previous short positions, they have re-established long positions in Bitcoin (BTC) and continue to maintain their medium-to-long-term bullish outlook. The key support area during the last bull run was near the $60,000 level, and the current mainstream Bitcoin mining cost is also concentrated in the $50,000 to $60,000 range, indicating strong support in this zone. Previously, BTC dipped as low as $58,000 before quickly rebounding, further validating their assessment of the support capacity in this area.

They believe that over the past month, Bitcoin has undergone sufficient consolidation and chip exchange within the $58,000 to $63,000 range. Now that it has stabilized around the $66,000 level, the market has the conditions for further upside, and it is possible to see a volume-driven rally breaking through $72,000, initiating a new market cycle. Furthermore, U.S. stocks, especially AI-related sectors, are currently at relatively high valuation levels, which may lead to increased volatility in the future. Meanwhile, Bitcoin's correlation with U.S. stocks has noticeably decreased compared to previous cycles. With the continued inflow of institutional capital and the strengthening of its asset attributes, BTC is gradually forming an independent trend.

In the absence of systemic risks, the probability of Bitcoin falling below $60,000 again is decreasing. It is expected that BTC stands a good chance of challenging the $100,000 mark again around March next year. However, they emphasized that being bullish does not mean ignoring risks. Currently, a trading invalidation zone has been set for this long position between $61,500 and $64,000. If the market breaks below and validates a wrong judgment, a stop-loss will be executed, adding: "Opinions can change, but discipline cannot." The core of trading is not profiting from every trade but controlling losses when the judgment is wrong and letting profits run when the trend is correct.