Will all factors now push Bitcoin to break through $100,000? I think not, at least in the short term, although 100,000 is within reach, there is an essential difference between 100,000 and more than 99,000. Now no matter how you analyze it, it is pale and powerless to be bearish or short. The only thing to do now is to wait.

Since Bitcoin rose from $67,000, there has been almost no major adjustments in the middle, and the overall rise has been unilateral and strong. This morning, there was a wave of callback to 95,800, but then it started to rise again. Now it is hitting around 99,000 again. After four consecutive positive weekly lines, the upward space is constantly compressed. It is not that I am not optimistic about the rise of Bitcoin, but the rise is near the high point of 100,000. Whether it is a large number of long profit-taking orders leaving the market or the liquidation of shorts, it will constitute a resistance to the upward movement of short Bitcoin prices.

Putting aside the fundamentals and technical aspects, how many people can think of predicting or believe that Bitcoin will reach 99,000 at the beginning of this month or around 85,000? But now everyone tends to believe that Bitcoin will definitely break through $100,000, especially after the US presidential election, Trump's coming to power is beneficial to Bitcoin. But when everyone agrees on one direction, the market reaction is often the opposite, and it is not as most people wish.

This time it finally rose to more than $99,000, and those long positions will choose to leave. Will you buy at the price of 98,000-99,000? Will you chase more?

Therefore, I think Bitcoin faces the risk of adjustment in the short term. In any case, 98,000-99,000 is now short. If the current price is 98,700-98,800, then this position is short, and the stop loss is placed above 100,000, and the target continues to be in the 96,500-95,500 area. After that, make another new plan.