BTC continues to rebound, and will accelerate after breaking through the 100,000 mark

There have been no updates for several days, one because I have something to do, and the other is that there is really nothing to say. I have always said that I should buy more. Now it is close to the important resistance level of 100,000. It is a bit irresponsible to shout more without thinking, although I think the market will break through 100,000. The market on the weekend was basically a small fluctuation. Last Friday, the Nasdaq laid the foundation for an upward rebound. There is no big suspense about BTC continuing to rebound. These days are suitable for holding the long orders bought before, waiting for the breakthrough of the 100,000 mark. Once it breaks through, the market will accelerate upward. Whether it will reach a new high is not so far away. The target is still the upper edge of the oscillation range mentioned before, that is, around 106,000-107,000. Don't easily close the bottom you worked hard to copy before.

Although I am bullish these days, it is close to the 100,000 position, and it is possible to step back at any time, so just hold the previous long orders. If you want to open a new order, I still recommend opening a long position on dips, but there is really no good position, so I am too lazy to say more these days.

If you want to go long now, you can either wait for a good position to fall back, such as 97200-97700, or at least wait until around 98300 before considering buying. Or wait for a breakthrough of 100,000, and then place a breakthrough buy order. Of course, you also have to consider stop loss, and the stop loss price should be at least below 97000. If you find that it is not, the profit and loss ratio is obviously not cost-effective.

In summary, continue to hold the long orders that you bought at the bottom before and wait for a breakthrough. If it is fast, there will be hope tonight. If you don’t have an order, you can do it, but it is not recommended to go short.