Friday Afternoon Market Sharing

From the current trend analysis, the price comparison shows a continuous upward movement with persistent extensions, and the high points are repeatedly refreshed. Although the position of 99,000 has not stabilized yet, breaking through this price level is merely a matter of time, and its re-entry into a high-level correction phase will be the best evidence. This phenomenon also indicates that the currency price is building a new rising platform. It can be observed that the bulls are quite sufficient in terms of momentum and form, and there will not be an immediate change in direction that leads to a deep adjustment, at least not at this moment. On the contrary, after completing the correction, there will be another new surge.

Regarding the short-term structure of the currency price trend, the market continues to test the key level of 100,000. With continuous accumulation of strength, it is highly probable that the bulls will break through the current price level and maintain the upward trend. Although there may be pullbacks during this period, these pullbacks are merely to accumulate enough momentum for the upward breakthrough. Moving forward, one should continue to adopt a primarily bullish outlook.

Afternoon Sharing Recommendation

Buy near 98,000-98,500 for Bitcoin, target 99,500-100,000

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