Will Bitcoin reach 100,000 in December? Or will it experience a waterfall correction?

With the end of November and the arrival of December, looking back at November, Bitcoin rose from 66,800 to break the historical high at around 99,600 during the U.S. elections. The soaring of Bitcoin is closely related to the victory of the Democrats and the Bitcoin strategic reserves of various countries.

There is selling pressure at the 100,000 level,

selling pressure is weakening, and the support below is relatively weak. The market has opened up both upward and downward, and the market continues to look for corrections. Daily and weekly support is effective, and the medium to long term still looks bullish. The big coin is expected to break the 100,000 barrier by the end of 2024. To break through the epic 100,000 barrier, a significant sacrifice is necessary. First, aggressively pull up to explode the shorts, then crash down to explode the longs, and after deceiving enough shorts, pull up again, repeating this process several times to fill up before a breakthrough can happen and start running wildly.

From a long-term perspective, it is not surprising for Bitcoin to experience waterfall corrections. Anbo has mentioned before that we are only in the first phase of the bull market, which has just ended. Do not blindly chase highs or cut losses; where there are rises, there are falls. Manage your positions well and set take-profit and stop-loss levels. So, friends, do not become the sheep in the mouths of the manipulators and institutions.

The real-time strategy is released irregularly every day, mainly focusing on actual trading. Follow Anbo to avoid getting lost.