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$BTC 8.4 Bitcoin price today's market: Bitcoin rose to around 114,000 last night, with an increase of about 2%; Ether rose to 3508, with an increase of 4.6%; ADA performed even stronger, with an increase of 5-6%. These three major coins are the market maker coins we clearly indicated yesterday (August 3rd) could be positioned for long orders below 112,000, and all have now profited from the rise.
Structurally speaking, although this wave of rise has achieved a good increase, from a larger perspective, this is just the beginning of an upward phase. My personal judgment is that: in the first phase of this rise, we will see around 120,000, followed by a period of consolidation, and then continue to break through the previous high.
In summary, this is not a short-term market trend, but rather the initiation of a medium-term trend. Even if there are pullbacks in the future, it will still be a good opportunity to increase positions and buy on dips. Everyone should remain patient and not panic due to slight pullbacks; just follow the trend and go long.