Could it be that 100,000 is the peak of this bull market?
We need to think about whether 100,000 is really the end of this bull market. Recently, the market has been declining from the previous 99,600, even dropping to as low as 91,500. Many people are wondering if 100,000 is indeed the peak.
But to be honest, it's not that simple. Firstly, a market trend can't just change suddenly. Since it started to rise, it has hardly had any corrections and has been climbing continuously. A slight drop this time is normal; after all, it has risen so much, it needs to take a breather and build a new upward platform.
Moreover, it has risen by tens of thousands of points, and now it has only dropped by less than ten thousand points. Is it a bit early to say the bull market is over? However, the fluctuations recently have indeed been quite large, with both bulls and bears having opportunities to profit. We also made some moves today, and the returns were pretty good, gaining over 4,000 points, and Ethereum gained over 80 points.
Looking at the current market, this round of correction has tested the support below and bounced back, now starting to oscillate again. However, no matter how much it falls, bears have no tricks; each time it only drops slightly and then rebounds. Given this momentum, it seems it will continue to rise. In the short term, this trend is still relatively stable, mainly adjusting through oscillation. The rebound hasn't taken off yet, and it looks a bit weak now, so it might need to correct again, but it shouldn't drop too much. Overall, the bulls are still in the lead; we just need to focus on the support below and look for opportunities to go long.
In the evening, if Bitcoin reaches the range of 92,300 to 92,000, we will go long, targeting 95,000. If Ethereum reaches the range of 3,250 to 3,230, we will also go long, targeting 3,500.
Additionally, the test of a great bull market is not only about the rise and fall of the market but also a test of our mindset. When facing fluctuations in our accounts, we must remain rational. Next, I will announce the next potential tenfold coin! It's better to seize opportunities than to guess! Like + comment, and feel free to share.