Bitcoin started to retrace from the high of 99,600, and fell to 95,800 at the lowest. In this way, the retracement range was nearly 4,000 points. In the two days of the weekend, it has successfully completed the correction phase. Since Monday this week, Bitcoin has gradually accumulated strength to move towards the 100,000 mark.

Yesterday's long-term this week mentioned that you should not mistake the pullback for a reversal, so I will not elaborate too much today. New fans can check the past records to understand the relevant content. The current idea is still to remain bullish, but when to intervene after the retracement is a key issue worthy of in-depth thinking.

As of 4:36 p.m., the price of Bitcoin came to 98,200. In the short term, you need to pay attention to the position of 98,600, because it is the starting point of Sunday's decline. Once it breaks through 98,600, there will be a short-term suppression level of 99,000 above. If it can further break through 99,000, the price of Bitcoin will move towards 100,000. It has been emphasized many times before that there will inevitably be an acceleration phase when breaking through 100,000.

If it fails to break through the 98,600 line, the price of Bitcoin will fall back to test the short-term support area of ​​97,000-97,100. As for the low point of 95,800 in the early morning, it is highly unlikely to be touched today. Therefore, after the fall back, you can refer to the range of 97,000-97,100 for intervention operations, and the upper target positions can be seen in turn at 98,200-98,500-99,000.#比特币突破10万？ $BTC