Svmuu News: Whale “Set 10 Major Goals First” stated that after closing out his previous short positions, he has re-established a long position in Bitcoin (BTC) and continues to maintain his medium- to long-term bullish outlook.A key support zone from the previous bull market is located near $60,000, and since mainstream mining costs Bitcoin are currently concentrated in the $50,000 to $60,000 range, this area provides strong support. BTC’s rapid rebound after previously dipping to a low of $58,000 further validates his assessment of the zone’s ability to hold.
He believes that over the past month, Bitcoin has completed a thorough consolidation and turnover of holdings within the $58,000 to $63,000 range. Now that it has firmly reclaimed the $66,000 level, the market has the conditions for further gains; a volume-driven rally breaking through $72,000 to kick off a new uptrend cannot be ruled out.Furthermore, valuations in the U.S. stock market—particularly in AI-related sectors—are already at relatively high levels, and volatility may intensify in the future. At the same time, the correlation between Bitcoin and U.S. stocks has declined significantly compared to previous cycles. With continued inflows of institutional capital and the strengthening of its asset attributes, BTC is gradually developing an independent market trend.
In the absence of systemic risks, the probability of Bitcoin falling below $60,000 again is decreasing, and it is expected that BTC has a high probability of challenging the $100,000 mark again around March of next year.However, he emphasized that being bullish does not mean ignoring risk; currently, this long position has set the $61,500 to $64,000 range as the invalidation zone. If the market breaks below this level and confirms that the assessment was incorrect, a stop-loss will be executed. He stated: “Views can change, but discipline must not.” The core of trading is not to profit from every trade, but to control losses when a judgment is wrong and to let profits run when the trend is correct.