I. Key Positions and Support Resistance Analysis
Current#比特币 The key position in the market lies in anchoring the weighted average price and the intraday trading weighted average price, which are significant for finding long entry points. The importance of support levels should not be underestimated, as they reflect the average cost of many market traders, often becoming key buying areas during price pullbacks.
100,000 is an important psychological resistance level and also a potential target point for an ascending triangle. If it can break through and stabilize at this level, there may be a significant upward trend following. 102,000 is calculated based on the clearing target after the triangle breakout.
II. Trading Strategy
Long strategy: A pullback to the VWP (possibly some weighted average price indicator) or lower support areas is an ideal long entry opportunity, especially in a bull market where one should be inclined to actively buy during brief pullbacks. The current Bitcoin price is 98,000, and if it continues to rise, it may approach the breakout point of 100,000.
Short strategy (only for short-term consideration): A short position can be established near 100,000, aiming to capture a potential pullback after a false breakout. Close attention should be paid to the false breakout pattern at the top of the channel and the potential three-test top structure.
III. Market Trends and KOL Opinions
Currently, KOL only holds long positions and has not considered short operations, maintaining a bullish outlook for the future. The market is currently in a strong bull phase, with the mid-term upward trend resembling the major bull market of 2019-2020. Although a short-term pullback may occur, the overall trend remains upward, supported by strong order flow and buying volume exceeding selling volume.
IV. Risk Warning
However, investors need to be cautious of risks. After a significant breakout at 100,000, the market may experience a notable pullback. Therefore, it is crucial to closely monitor market performance near 100,000, especially changes in trading volume and order flow. During operations, market dynamics should be monitored in real-time, and reasonable trading decisions should be made in conjunction with technical indicators and order flow data. Overall, the current situation can be regarded as the early stage of a bull market, and although there may be a pullback after breaking through 100,000, it is likely to be temporary, and Bitcoin has already completed the target level of wave theory, making subsequent market performance worthy of close attention and in-depth analysis.
Don't forget to follow, let's achieve financial freedom together in this round of bull market.#比特币突破10万？
