In the early hours of this morning, the price of BTC fell back to about $96,000. Judging from the recent market performance, it seems that the market is being dominated by some force. In particular, when trying to break through the key psychological price and technical resistance level of $100,000, BTC has challenged it many times, but failed to break through successfully.
Some people believe that it is only a matter of time before BTC breaks through $100,000, and this breakthrough may lead to two situations:
1. A sharp pullback after a breakout: After breaking through $100,000, BTC may quickly fall back, with the most likely pullback range being $70,000 to $80,000, which is also the gap area of the CME futures contract;
2. Continue to rise to higher levels: BTC may break through $100,000 and continue to rise, even breaking through $120,000 or higher.
In addition, there is a third possibility, that is, after BTC successfully breaks through $100,000, the price may fluctuate here for a period of time. Despite this, many voices in the market believe that this situation is less likely. The reason is that a large number of long funds in the market are set at $100,000 to cash out and wait and see, and short-term leveraged trading funds may also encounter pressure to close at this key price. Therefore, $100,000 has become a fierce battle point between long and short sides, and is also the focus of market attention.
#Opinion Analysis:
Some analysts believe that in the next few days, there is a high possibility that BTC will break through $100,000. Once it breaks through, it may trigger a large number of leveraged positions to burst, which will provide strong momentum for BTC to rise further, and it may even soar directly to $120,000 or higher.
However, even in a bull market, the market may experience a 20% to 30% correction. Therefore, investors need to maintain rational thinking and not think that there will be no correction after breaking through $100,000. At this stage, it is wise to maintain a certain proportion of cash positions so that you can cover your positions in time when there is a correction, thereby stabilizing your investment mentality.
Of course, the specific investment strategy should be determined according to one's risk tolerance. If you are fully operational and can withstand 20% to 30% market fluctuations, then it is reasonable to choose a long-term holding strategy. In short, in this bull market, how to manage risks and adjust positions is still an important issue that every investor needs to think carefully about.
