Opinion: Bitcoin bullish sentiment is strong, and there may be a pullback in the short term

Greeks.live released a community briefing, the market as a whole maintained a bullish trend, and it is expected that Bitcoin will continue to rise, with a key support level of $110,000, a short-term target of $120,000, and a long-term target of $150,000-200,000. Analysts expect that it may first pull back to the range of $100,000-103,000 before reaching a new high. It is worth noting that the negative funding rate shows that there are still a lot of bears, which may trigger a short squeeze to further push up the price. At the same time, Ethereum performed relatively weakly and failed to follow Bitcoin to a new high, with a target price of $3,000. According to reports, the Ethereum giant whale is more cautious about selling call options after experiencing market fluctuations.