$BTC From the weekly level perspective, this support level has been tested for two months. If there is no risk of a global stock market crash, then this year we may see a good rally for BTC, possibly even breaking new highs. It’s important to note that both the US and Chinese stock markets are on the path to new highs. The forward P/E ratio of the AI sector, which is a pillar of the US stock market, is only around 20 even 26 years ago, so the bubble might not be as big as we think.

Moreover, based on firsthand accounts from programmers around me, AI has indeed reduced their workload by 90%, which is truly very useful!

On the daily level, it’s still a bear flag. If the price rebounds to around 100,000, it will be time to take profits. Last week’s plan was around 99,000, but as time goes on, the upper boundary of the channel has moved higher, getting closer to the bull-bear dividing line of the MA120 and MA365. Unless there is very strong positive news, I think it’s unlikely to break through in one go. Consider taking profits and waiting for a pullback before re-entering, continuing with my trading plan.