Saturday: Can the hundred thousand mark be突破? Survival or living depends on how you choose!
On the day of Trump's selection, the market welcomed the establishment of a bull market, with the industry outlook looking optimistic, particularly Bitcoin, which quickly rose from the seventy thousand level to around ninety thousand. Although it faced short-term pressure at ninety thousand points, the market experienced a correction of about 5000 points, but has now reached the hundred thousand mark. There is a general expectation of a correction in the market, but whether a correction will occur is worth our in-depth analysis.
On November 11, the market jumped directly to ninety thousand, rising ten thousand points in one day. At that time, the market was generally optimistic about the continuation of the bullish trend, but the actual performance was contrary to expectations, providing an opportunity for bears to counterattack, and the market rhythm experienced a correction. I previously pointed out that a correction after excessive stretching is a normal adjustment of the trend and does not affect the pattern of the bull market. The rise at that time was merely a result of trend push, and the final price will rebound, while the correction is just to match the adjustment of technical patterns.
Observing the current market rise, it can be regarded as a normal development of the bullish trend after a correction, with prices further climbing on a stable basis. Technical patterns show that bulls dominate, so even though the market is at a high level, testing the hundred thousand mark, a correction as previously expected is unlikely to occur.
Current technical patterns remain strong and have not released correction signals. The hundred thousand mark will not form pressure again. Once broken, the market will welcome a new round of increases. The bull market has no ceiling; the so-called pressure is just an illusion. So, how should the next medium-term operational strategy be formulated? From the current technical pattern, the market is in an upward rhythm after consolidation, advancing steadily, accompanied by strong upward momentum, presenting a rapid rising trend.
This month's highest point may only be next month's lowest point, so one should not fear the appearance of high positions in the face of trends; the market will only go higher. The hundred thousand mark, once considered a dream, I can now assert that the next target will be one hundred fifty thousand. Let us wait and see, bullish friends, we will meet at the peak, and the vision for medium-term operations should not be limited to fluctuations of a few thousand points.
Medium-term bullish target 128000-150000, focus on the 94500-96500 area below.