The intraday performance of Bitcoin is too strong, with a clear trend of four consecutive bullish days. Each time, it is accompanied by a pullback of several hundred points, and by observing the pullback space, it is evident that the bullish trend is still very strong.
Today, Bitcoin will definitely surpass the 100,000 mark, so entering a long position at 99,000 is advisable, with an initial target of 101,300. Once it reaches around 101,300, we will assess whether the specific market conditions remain strong.
Entering a long position at 99,000 with a target of 101,300 provides a space of 2,300 points. At this point, it is advisable to take some profits, and later wait for a pullback of several hundred points to consider re-entering a long position. This way, the low entry point will be very comfortable. $BTC