$BTC 8.4 Bitcoin price today: 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 exactly the market maker coins we clearly suggested to set long orders below 112,000 yesterday (August 3rd), 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 the start of a medium-term trend. Even if there are pullbacks in the future, it will still be a good opportunity to add positions and buy on dips. Everyone should maintain patience and not panic due to minor pullbacks; just follow the trend and go long.