BTC is approaching $100,000, while gold is nearing $2,700. Currently, both safe-haven assets and risk assets are rising, with no signs of stopping, ushering in the Trump market trend.
This rise is accompanied by a certain degree of revenge buying, as the previous decline was too rapid and severe. The trading market's overly optimistic expectations following Trump's inauguration turned what should have been just a correction into a sharp drop.
Yesterday, the BTC market continued its upward trend. When the market is caught in fluctuations and cannot break through certain ranges or spaces, it is necessary to find a balance point. By utilizing the strength during the day, one can follow the US market trend, and there is a trick: the recent market has shown continuity.
On the hourly chart, after breaking through the previous high at noon yesterday, the European and American markets continued to pull back and repeatedly correct, ultimately forming a "top-bottom conversion" at 96,000, and then today at noon, it broke through the new high of 99,400.
Today, we also focus on the top-bottom conversion positions within the range of 98,100-98,300. This means the price is breaking upwards, and the support has moved up from the original 96,000 to 98,100. Today, we take this as support and continue to go long. Today may challenge the vicinity of 100,000. Remember one thing: the end of an upward trend is seen by the loss of support, not by looking at pressure. The upper level today focuses on 99,700, and after breaking through, we look at 100,000. #比特币突破10万? #聚焦比特币 #BTC #ETH $BTC $ETH