The next psychological resistance level 97,000 - 100,000 is set as a long-term target resistance zone. Why is this range considered a long-term target resistance zone? What predictions are based on for the future development trends of the market?

1. Support Level Analysis

80,000: The current important support level for Bitcoin, not only a key psychological support level but also related to the weekly trend support. In terms of trading strategy, consider going long when it retraces to this support level. 77,000: The position of the EMA200 moving average and the closing position of CME futures, which are also suitable points to go long.

2. Resistance Level Analysis

97,000 - 100,000: Long-term target resistance zone.

3. Trading Strategy

Long strategy: Go long when the aforementioned support levels of 80,000, 77,000, etc., present corresponding situations. If adopting a continuous position-building strategy, you can add to your position on each pullback. Short strategy: The current market is strong, generally not recommended to go short.

4. Market Related Factors

ETF Capital Inflow: ETF capital continues to flow in, reaching a historical high last week, which has a certain stimulating effect on the market. Policy Favorable: Trump's friendly attitude towards cryptocurrencies brings benefits, supporting the market trend. Technical Performance: Technically, there is a clear upward trend, with daily lows not being broken, and the generation of GIP also indicates market strength.

5. Entry Timing Suggestions

Although Bitcoin's important support level is in the 76,000 area, it is believed that this position is unlikely to be retraced, so it is not recommended to chase highs at the current position. After missing the best buying point opportunity, it is best to enter long during a pullback, without worrying too much about the lowest and highest points.

Overall, in the current strong market, do not go short, and you can consider going long based on the support levels below, but there is no need to wait for positions like 76,000 that are unlikely to be reached again; Bitcoin is currently performing very strongly.

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