🚨 $BTC at a Pivotal Moment – Will It Break $100K? 🚨
This week, Bitcoin ($BTC) has teased the markets with three attempts to decline, forming a potential bottom pattern on the 15-minute chart. Yesterday, it broke through the 4-hour Bollinger middle band, pulled back, but hasn’t dipped below $99,000. Here's what I think:
🔍 Key Observations:
Yesterday’s inability to stabilize at $98,000 hinted at a potential drop, but today all eyes are on whether it can hold $99,000.
If Bitcoin holds this level, breaking $100K could just be a matter of days. But… is this a trap? A setup to induce shorts before another surge? 🤔
⚡ Why $BTC Might Keep Rising:
1️⃣ Operators have worked hard to push $BTC to this position—it’s unlikely they’ll let it slide back to $70K or $80K before hitting the target.
2️⃣ Dips present opportunities, but chasing speculative assets with high profit risk (like shanzhai coins) is risky.
💡 My Strategy:
Hold My Short Position: Until we see a decisive break above $100K, I’m holding firm.
Buy on Dips: I’ll add small hedges on dips with tight stop losses, preparing for what could be a dramatic breakout.
Critical Moment: If Bitcoin smashes through $100K, I’ll reassess my position and decide whether to cut or double down.
Bitcoin is playing with fire right now—this is the time to stay cautious, strategic, and ready for anything. 🌟
💬 Are you betting on the breakout or bracing for the trap? Let’s discuss below!