$BTC UPDATE
Currently, Bitcoin (BTC) price is hovering around $101,671, up 2.6% from yesterday. In the past 24 hours, the trading volume reached more than $15 billion, showing strong investor interest. Bitcoin hit an intraday high of $102,702 and a low of $98,702. Bitcoin's current market capitalization is around $600 billion, accounting for 46% of the total cryptocurrency market capitalization.
Regarding recommendations:
Short-term: Bitcoin is trading near the $102,000 resistance level. If the price breaks this level with high volume, investors can consider opening a buy position to take advantage of the uptrend, with a short-term target of $105,000. However, if the price reverses, the important support level to watch is $98,000.
Long-term: Bitcoin is in a medium-term uptrend, with the 50-day moving average above the 100-day. If you have a high risk tolerance, accumulating gradually at lower price levels may be a reasonable strategy, but you should keep your investment ratio below 20% of total assets.
Investors should monitor influencing factors such as the US Federal Reserve's interest rate policy, the USD's movements, and legal regulations from countries. Note that the cryptocurrency market is always volatile, so only invest with capital that you are willing to accept the risk.