Reflecting on the ups and downs of the crypto market over the years, I can't help but feel a mix of emotions. Now seeing the perspectives of Wolfe Research and BlackRock's CEO, it feels like we're back in the 2017 bull market. At that time, Bitcoin also broke through the $10,000 mark, and the market was jubilant. But after experiencing multiple cycles of bull and bear markets, we all understand that risk and opportunity coexist.



The predicted $75,000 bottom and $100,000 resistance level by Wolfe are indeed worth paying attention to. On the technical side, some positive signals have emerged, but the weak ETF capital inflows cannot be ignored. Historical experience tells us that breaking through important psychological thresholds often requires multiple attempts.

The mention by the BlackRock CEO of sovereign funds gradually buying in is even more intriguing. In 2017, mainstream institutions looked down on cryptocurrencies, but now they are quietly positioning themselves. This may indicate a new wave of institutionalized capital entering the market. However, we must also be cautious, as the lessons from the sharp decline after the ICO craze are still fresh in our minds.

Overall, it seems the market is brewing new upward momentum. But regardless, staying rational and managing risks will always be the unchanging truth. After all, in this fast-changing market, today's myth could become tomorrow's warning. Let's wait and see if history will repeat itself.
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