Whale 'First Set 10 Big Targets': If Bitcoin stabilizes in the $76,000-$78,000 range, will go all-in long, still bullish on breaking $120,000 within the year

BlockBeats news, October 31 — Whale "First Set 10 Big Targets" (@jasonleo) posted this morning sharing that although BTC fell below $78,000 after a previous black swan event, he still believes this bull market has already begun and maintains his previous judgment that $58,000 is the bottom of this cycle.

Jasonleo stated that he previously closed about two-thirds of his long positions near $76,000 to guard against risks similar to the October 11 extreme market conditions. After observing for nearly two days, if BTC stabilizes in the $76,000 to $78,000 range, he plans to re-enter long positions and restore full position.

He further proposed that the first-stage bottom of this bull market is $118,000, the second-stage target is $150,000 (double $78,000), and he expects BTC to potentially reach $120,000 within this year.

Additionally, Jasonleo described the current BTC trend as an extremely compressed spring, believing that BTC has shown strong resilience under multiple news shocks, and if positive signals appear in the macroeconomic environment, the market may rebound quickly. He also stated that his leverage is usually controlled at 2 to 4 times.