$BTC

$BTC

Market Analysis: BTC

Last night, the price of Bitcoin broke through the key long-short conversion level of 100,000, peaking around 102,700. The current price is 108,000, a critical point after a pullback to 92,000. Whether the downtrend continues or reverses to start an uptrend will be signaled within the current price range.

On December 21, Tian Ge mentioned that if the price pulled back to a key level at that time, he would continue to look bearish. Currently, after experiencing multiple bottom formations, it is necessary to consider the health of the current uptrend for left-side trading.

In the previous two rebounds to the 100,000 level, the volume was insufficient, and neither successfully broke through 100,000. This time, after a rapid breakthrough of 100,000, the same issue arises at the key level. The divergence in weekly volume clearly shows that the current volume-price ratio is not in a healthy uptrend. Therefore, Tian Ge does not currently believe that this rebound will form a reversal.

Moreover, there is a risk of a sharp downward turn in the price in the short term. Therefore, at 102,000, Tian Ge has continued to enter short positions. Currently, the big pie is still looking at the continuation of the downtrend, which is the consolidation of wave C in the third chart. For more trading codes, press 1 to join the community and get access.
#BTC重返10万 #本周微策略是否继续增持BTC？