Svmuu News: Whale “Set Ten Major Goals First” posted on X, stating that he quickly re-established long positions after closing out his short positions because his medium- to long-term outlook remains unchanged.He believes that the key threshold for the previous bull market was around $60,000, and currently Bitcoin mainstream mining costs are generally concentrated in the $50,000 to $60,000 range;Last month, Bitcoin the price dipped to a low of $58,000 before quickly rebounding, confirming the support level in that range. He believes that, barring systemic risks or major fundamental changes, the risk-reward ratio for continuing to short at current levels is not favorable; Bitcoin After consolidating and seeing a turnover in the $58,000 to $63,000 range, the price has completed its pullback and re-established a firm footing near $66,000. The market now has the conditions for further upside, and it cannot be ruled out that a high-volume bullish candle could drive Bitcoin to break through the $72,000 level.
He also noted that current valuations in the U.S. stock market—particularly in AI-related sectors—are relatively high overall, and volatility may increase in the future. Furthermore, the correlation between Bitcoin and the U.S. stock market has declined significantly compared to previous cycles. With continued inflows of institutional capital and the steadily strengthening asset attributes of Bitcoin, Bitcoin is gradually carving out its own independent market trend.
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