Opinion: Bitcoin bullish sentiment is strong and there may be a correction in the short term
Online reports that Greeks.live is releasing a community briefing. The overall market remains bullish and expects Bitcoin to continue to rise, with key support level of US$110000, short-term target of US$120000, and long-term target of US$150,000 - 200,000. Analysts expect a possible correction to the US$100,000 - 103,000 range and then hit a new high. It is worth noting that negative funding rates show that there are still a large number of short positions, which may trigger short squeeze to push prices up further. At the same time, Ethereum's performance was relatively weak and failed to follow Bitcoin's record high, with a target price of US$3000. Ethereum whales are reportedly more cautious about selling call options after experiencing market volatility.
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