# Bitcoin Bull Run: How High Can It Go? Should Short Sellers Enter Now?

## Monday Market Analysis:

Today's price action shows Bitcoin touching a high of 74,444 and holding steady above 73,200. Ethereum is showing equally strong momentum, reaching 2,288, with both assets breaking above their 7-day and 25-day moving averages on strong volume expansion. Although we're seeing minor pullbacks currently, the bullish momentum remains fierce.

From a news perspective, we're seeing multiple positive catalysts converging. On the macro front, while Fed rate cut expectations have been pushed back, global liquidity remains elevated, and crypto assets continue to attract interest as alternative assets. On the regulatory side, the US SEC and CFTC have established a joint regulatory framework, significantly improving industry compliance. Institutions like BlackRock continue accumulating Bitcoin spot ETFs, with weekly net inflows exceeding $700 million, showing clear institutional support.

Looking at on-chain data and market sentiment, network-wide short liquidations continue to accelerate, with a short squeeze underway. Combined with Bitcoin reaching all-time high hashrate and 20 million BTC already mined, supply scarcity is further reinforced. Although BTC is experiencing minor pullbacks, the $73,000 support level remains solid, and ETH has sufficient upside momentum. In the short term, as long as key moving averages hold, the uptrend can continue, with likely further pushes toward higher levels.

## Trading Strategy:

$BTC Bitcoin: Buy near 73,100-72,800, target 74,450, breakout targets 75,360-76,210, stop loss 72,100

$ETH Ethereum: Buy near 2,220-2,190, target 2,280-2,300, breakout targets 2,350-2,390, stop loss 2,148!