Bitcoin has reached 99,000, just one step away from 100,000.
The momentum is strong, and the bearish voices are increasing, but the current market has a low probability of a deep correction.
Around 100,000 might be a high sell zone, and if it pulls back by 5,000 points, that would be the limit; at this point, short hedging may become a prudent choice.
If it directly surges to 110,000, waiting for the price to hit 101,800 and then pull back to 98,800 before going long would be safer,
indicating a formal breakthrough at the 100,000 mark. One should be cautious of a slight pullback after a new high,
which could lead to further declines in altcoins.
The current market landscape is polarized: Wall Street funds focus on Bitcoin, while retail investors favor on-chain MEME, and most altcoins are temporarily neglected and in a tough spot.