As the price of Bitcoin approaches the important threshold of $100,000, many friends must be feeling confused!

If we say it will continue to rise, it has not broken through the crucial psychological level of $100,000; if we say it will fall, it has been oscillating at high levels without showing any bearish trend.

What I want to say is: the possibility of a significant drop in the near future is low, but minor corrections are inevitable. From past trends, we can see that major drops often occur after a series of small corrections, and are then combined with sudden negative news. Currently, we are only seeing hourly adjustments, and no high-level bearish patterns have appeared, so the possibility of a significant drop in the short term is low. I still maintain the view of buying on dips.

Although the possibility of a crash is low, the oscillating movements will certainly occur, as it has already been pushed up for so long, so adjustments are very normal. The price of cryptocurrencies has never just gone up or down consistently.

During the weekend, liquidity is generally lower, which is understandable. For short-term strategies in the evening, I think we can temporarily adopt a short position, but the overall trend is still looking towards $100,000!