# Bitcoin Bull Run - Where Can It Continue? Should Short Traders Enter Now?

## Monday Market Analysis:

Today's market shows Bitcoin reaching a high of 74,444, holding firmly above the 73,200 level. Ethereum has similar strong momentum, touching 2,288. Both candlesticks are pushing up along the 7-day and 25-day moving averages with expanding volume. Although there's a slight pullback now, the bullish momentum remains fierce.

From a news perspective, there's a confluence of multiple positive factors. Macroeconomically, while Fed rate cut expectations have been postponed, global liquidity remains elevated, and crypto assets' appeal as alternative assets hasn't diminished. On the regulatory front, the US SEC and CFTC have reached a joint regulatory framework, significantly improving industry compliance. Institutions like BlackRock continue accumulating Bitcoin spot ETF positions, with weekly net inflows exceeding $700 million, showing clear institutional capital support.

Looking at on-chain data and market sentiment, network-wide short liquidations continue expanding, a short squeeze is underway. Combined with Bitcoin's hashrate hitting all-time highs and 20 million BTC already mined, supply scarcity is further strengthened. Although BTC is experiencing a slight pullback, the $73,000 support is solid. ETH has sufficient momentum to follow the uptrend. Short-term, as long as key moving averages aren't broken, the bullish trend can continue, with subsequent pushes toward higher levels very likely.

## Trading Strategy:

$BTC Bitcoin: Enter longs around 73,100-72,800, target 74,450, on breakout targeting 75,360-76,210, stop loss 72,100

$ETH Ethereum: Enter longs around 2,220-2,190, target 2,280-2,300, on breakout targeting 2,350-2,390, stop loss 2,148!