$BTC

Bitcoin breaks the $100,000 barrier, future targets upgraded! 🚀

Brothers, Bitcoin has finally made a name for itself, breaking through the $100,000 mark and igniting market sentiment! After the U.S. stock market opened, boosted by U.S. macroeconomic data, BTC not only surpassed the psychological key level but also rose nearly 4%. This wave has left short sellers dumbfounded, prompting bulls to raise their target prices.

Yesterday (December 11), BTC struggled slightly before the daily close but ultimately broke through the six-figure mark. The current key balance point is at $97,300, with strong rebounds multiple times in the $94,500-$90,000 range, indicating solid support.

Market sentiment is warming up

The latest CPI data met expectations, alleviating market concerns about inflation, and increasing expectations for a rate cut by the Federal Reserve. If a 25 basis point cut occurs at the FOMC meeting on December 18, it will further inject confidence into the market.

Future targets and strategies

Short-term target: Around $105,000, overcoming this level will open further upside potential.

Medium-term target: $112,000 to $126,000, depending on market sentiment and the strength of fundamental support.

Risk control: If a pullback falls below the $97,300 support, it may test the $94,500-$90,000 range, so make sure to set stop losses.

Key time points

The December 18 FOMC meeting is crucial for the next wave of the market! Do not chase highs recklessly; patiently wait for the market direction after the meeting, as opportunities may arise soon after! Whether to charge or not depends on whether the bulls can maintain their strength!

Be cautious in operations, ensure stop losses are in place, and remember that opportunities always belong to the well-prepared "chives elites"! 💪