Bitcoin has undergone a volatile adjustment, testing the breach of the 100,000 USD mark. It is uncertain whether this is a spike or the beginning of a new round of increases.
The overall direction of the bull market is upward, but before a significant rise, the market needs a big drop; both rises and falls can lead to extreme emotions.
If it can stabilize above the 100,000 mark, there is potential for further increases. Short positions need to take precautions, or they risk liquidation.
This breakthrough of the 100,000 mark is mainly due to the market harvesting retail investors, with a large disparity in the long-short ratio, leading to a rise due to the high number of short positions, after which the market may plan for a drop.
It is important to manage positions well, follow the market maker's mindset, and patiently wait for opportunities, with the prospect of becoming a winner.