#比特币价格分析与预测 Looking back at the frenzy of surges and crashes in 2017, today’s Bitcoin market once again seems to be standing at a crucial crossroads. Technical analysis shows that $103,500 will be the watershed for bulls and bears. If this level is broken, it may open up a new round of gains; if it fails to break through, another wave of decline may be waiting for us.

However, the signals from the stablecoin market are not optimistic. USDT’s market share breaking out of its downtrend and its supply contracting are not typical features before a bull market arrives. This inevitably reminds me of the 2018 bear market, when the stablecoin share also rose sharply.

History always repeats itself in striking ways. Whether in a bull or bear market, we must remain clear-headed. Past experience tells us that we should act even more cautiously at these critical moments, and not be blinded by short-term volatility. After all, Bitcoin’s long-term value is what we should truly focus on.