Bitcoin has broken through! What should we do next, go to 140,000? Let me share my thoughts:

As shown in Figure 1, the recent breakout of Bitcoin belongs to a price increase accompanied by a volume increase. The short-term trading volume is rising along with the price, which is a very positive signal. Currently, there is no sign of a downturn. It may rise further and naturally pull back to the support near 115000 before continuing the bullish trend, but the MACD and trading volume need to keep up.

After discussing the local situation, let's take a look at the overall picture. As indicated by marker 2, Bitcoin trading volume continues to decline, down 70% compared to last year and down 50% compared to the previous few months of this year. The volume has weakened, and there are clearly fewer people trading coins. Currently, the price increase is not driven by strong buying pressure, but rather by the absence of selling pressure; that is, the sell orders are very small, and even a little buying can lead to a significant price increase. Trading is gradually becoming institutionalized because institutions are long-term players and they do not sell.

Then for short-term trading, the general trend of Bitcoin is as shown by the yellow marker in the image. After a sharp rise, it will undergo a consolidation period of about a week. Currently, the support level is around 115000.

Overall, after a short-term pullback, it may continue to rise a bit, but do not expect too much increase, as mentioned earlier, the trading volume this time is much lower than in previous waves, reaching 125,000 would be quite good, unless the trading volume continues to expand, then we will talk about it later. The market will change, and our small coin supplementary strategy is very effective. Pepe has already achieved a 30% increase from 0.1 to 0.13, just waiting for the next entry point.